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Warren Buffett's $570 million bet on Snowflake shows he completely trusts his deputies, investor Jake Taylor says

Warren Buffett's $570 million bet on Snowflake shows he completely trusts his deputies, investor Jake Taylor says


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Berkshire Hathaway's $570 million bet on Snowflake shows CEO Warren Buffett completely trusts his two portfolio managers, Todd Combs and Ted Weschler, one fund manager says.



"Buffett has given full agency to his lieutenants," Jake Taylor, CEO of Farnam Street Investments and cohost of the "Value: After Hours" podcast, told Business Insider.



"A high-profile tech IPO is a resounding confirmation that his actions match his words," he added.



Taylor's comments echo those of Paul Lountzis, who said the Snowflake investment proves Buffett "totally trusts Todd and Ted" in an interview this week.



Visit Business Insider's homepage for more stories.

Berkshire Hathaway's plan to invest about $570 million in Snowflake's IPO shows that CEO Warren Buffett has complete faith in his deputies, Farnam Street Investments CEO and "Value: After Hours" cohost Jake Taylor told Business Insider this week."Buffett has given full agency to his lieutenants," Taylor said, referring to Berkshire's portfolio managers, Todd Combs and Ted Weschler. "A high-profile tech IPO is a resounding confirmation that his actions match his words.""Any lingering doubts that these guys get to invest however they want has been extinguished," he added.
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