Latest News

A Man Spent Over $5 Million On 2 Lunches With Warren Buffett That Resulted In A High-Profile Job Offer At Berkshire Hathaway — But He Panicked And Turned Buffett Down


S&P Futures




Dow Futures




Nasdaq Futures




Russell 2000 Futures




Crude Oil
















10-Yr Bond
















Bitcoin USD




CMC Crypto 200




FTSE 100




Nikkei 225




Warren Buffett’s annual charity lunch auction, benefiting the San Francisco-based charity GLIDE, provides an opportunity for the winning bidder to have a private lunch with the legendary investor and discuss various topics, excluding Buffett’s future investment plans.

Since its inception in 2000, the auction has seen remarkable bids, with a record-breaking $19 million in 2022. Notable among the winners is Ted Weschler, a hedge fund manager who secured the coveted lunches with Buffett in 2010 and 2011 by bidding over $5.25 million in total.

Don’t Miss:

Copy and paste Mark Cuban’s startup investment strategy according to his colorful portfolio.

Here is where your most successful angel investment may be hidden.

Weschler’s story stands out not only for his philanthropic contributions but also for initially declining a job offer from Buffett. The decision marked a significant turning point in his career. In an interview with the “I Am Home Podcast,” Weschler recounted the series of events starting with the charity lunches that led to his role as one of Buffett’s investment managers at Berkshire Hathaway.

Recalling the moment during the podcast interview, Weschler said, “We went to Piccolo’s, and it was terrific. … I just want to look at my notes, do you mind? And you can ask me anything if you want, Warren.” As he reviewed his notes, Buffett surprised him by saying, “I think you’d be a pretty good fit out here. Would you have any interest in working at Berkshire?” Weschler admitted, “I just absolutely panicked! This was absolutely not what I was thinking. Not at all.”

Despite his initial hesitation, Buffett left the door open, saying, “You don’t have to decide now, but if you feel that in two, three, five years, just let me know.” Weschler returned to Charlottesville, Virginia, where he was managing a large bankruptcy and had family roots.

Trending: Hedge funds intend to snatch all pre-IPO shares of future AI unicorns before you can. But there is one venture product investing on your behalf.

He sent Buffett a carefully worded letter explaining his situation, and Buffett responded, “You can manage money from the moon as far as I’m concerned. So, you can stay in Charlottesville. And I like the fact that you want to finish up this bankruptcy.”

Weschler joined Berkshire Hathaway on Sept. 12, 2011. His method of using charity auctions to gain Buffett’s attention led to a significant role in managing billions in Berkshire’s equity securities.

Born in 1962 in the Rust Belt, Weschler graduated in 1983 from the Wharton School of Business, University of Pennsylvania. His career included roles at W. R. Grace & Co., Quad-C Management Inc. and founding Peninsula Capital Advisors in 1999, where he achieved a 1,236% return on a $2 billion fund.

At Berkshire Hathaway, Weschler works alongside Todd Combs. Both men are seen as potential successors to Buffett in managing the company’s vast investment portfolio. This plan ensures that they will oversee Berkshire’s equity and debt portfolio upon Buffett’s retirement, under the guidance of the future CEO and board of directors.

Read Next:

Funders on this alternative asset platform are earning more than 14% annualized consignment profit funding Pro consignment opportunities.

For decades, Wall Street has been synonymous with the financial world. This startup is is a disruptive force. Learn how you can take advantage of a new investment opportunity.

“ACTIVE INVESTORS’ SECRET WEAPON” Supercharge Your Stock Market Game with the #1 “news & everything else” trading tool: Benzinga Pro – Click here to start Your 14-Day Trial Now!

Get the latest stock analysis from Benzinga?

APPLE (AAPL): Free Stock Analysis Report

TESLA (TSLA): Free Stock Analysis Report

This article A Man Spent Over $5 Million On 2 Lunches With Warren Buffett That Resulted In A High-Profile Job Offer At Berkshire Hathaway — But He Panicked And Turned Buffett Down originally appeared on

© 2024 Benzinga does not provide investment advice. All rights reserved.

U.S. government shutdown averted as Congress extends funding into March

Previous article

Walmart announces pay hikes for store managers, and a more profit-driven bonus program

Next article

You may also like


Leave a reply

Your email address will not be published. Required fields are marked *

More in Latest News