692014 A stock pick from Warren Buffetts stock picker

httpwwwcnbccomid101461156 15

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A stock pick from Warren Buffettsstock pickerAlex Crippen | alexcrippenMonday 3 Mar 2014 | 237 PM ET

COMMENT Join the Discussion

Warren Buffett isnt the only person at Berkshire Hathaway making

decisions on stocks to buy and sell In the last few years hes brought on two

portfolio managers Todd Combs and Ted Weschler

Along with Tracy Britt Cool his financial assistant they are what he calls his

three Ts They generally keep a very low profile

But Monday for the first time ever they joined their boss for a live

appearance on CNBCs Squawk Box

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Weschler hired in late 2011 after paying a total of $53 million in charity

auctions for two meals with Buffett has been accumulating shares of dialysis

company DeVita HealthCare Partners since he came aboard

In its most recent SEC filing on the stock Berkshire said it owned 376

million shares about 177 percent of DeVitas shares outstanding That stake

has a market value of $258 billion at its current market price

Lacy OToole | CNBC

Team Buffett Todd Combs (L) Ted Weschler (C) and Tracy Britt Cool (R)

During the live interview Weschler explained why he likes the stock

The broad filters that I apply for health-care investing in general is

No 1 Does the health-care company deliver better quality of care

than someone could get somewhere else And DeVita falls into that

No 2 Does it deliver a net savings to the health-care system In

other words is the total bill for US health-care cheaper because of

the efficiency the company provides DeVita checks that box

And lastly do you get a higher return on capital predictable growth

and shareholder-friendly management Absolutely

Youve got health care is 17 18 percent of GDP

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its growing rapidly because of private

investment and federal support

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for the year USA Today reports

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692014 A stock pick from Warren Buffetts stock picker

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Warren Buffett Watch Squawk Box US Stocks Warren Buffett

Berkshire Hathaway Inc DaVita HealthCare Partners Inc

Im not sure what the stock will do over the next year or the next two

years But very comfortable that five years from now it will be a more

valuable franchise

Name Price Change Change Volume

DVA DaVita HealthCare Partners Inc 7193

002 003 536050

mdashBy CNBCs Alex Crippen Follow him on Twitter alexcrippen

Alex CrippenSenior Coordinating Producer

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692014 A stock pick from Warren Buffetts stock picker

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(Read more Warren Buffett Ukraine wont stop my stock buying)

Weschler hired in late 2011 after paying a total of $53 million in charity

auctions for two meals with Buffett has been accumulating shares of dialysis

company DeVita HealthCare Partners since he came aboard

In its most recent SEC filing on the stock Berkshire said it owned 376

million shares about 177 percent of DeVitas shares outstanding That stake

has a market value of $258 billion at its current market price

Lacy OToole | CNBC

Team Buffett Todd Combs (L) Ted Weschler (C) and Tracy Britt Cool (R)

During the live interview Weschler explained why he likes the stock

The broad filters that I apply for health-care investing in general is

No 1 Does the health-care company deliver better quality of care

than someone could get somewhere else And DeVita falls into that

No 2 Does it deliver a net savings to the health-care system In

other words is the total bill for US health-care cheaper because of

the efficiency the company provides DeVita checks that box

And lastly do you get a higher return on capital predictable growth

and shareholder-friendly management Absolutely

Youve got health care is 17 18 percent of GDP

FEATURED

Singapore man pays $22M for Buffett

mealA lunch with Warren Buffett has been bought by

Andy Chua from Singapore for 2166766 in an

annual charity auction

Buffetts charity lunch bid tops $1MWarren Buffetts annual auction to benefit a San

Francisco charity has drawn a bid of more than

$1 million surpassing last years top offering

Why Buffett and Google love the

MojaveThe US is the third-largest solar market and

its growing rapidly because of private

investment and federal support

Two stocks costing Buffett $500M this

yearWarren Buffett may have a magic touch with

stocks but two stocks have tarnished that touch

for the year USA Today reports

MORE FROM BUFFETT WATCH

Lunch with Warren Buffett up for grabs in auction

Can Buffetts Dairy Queen make it in Manhattan

Warren Buffett raises his bet on Wal-Mart

Secret to Berkshires success might surprise you

CNBC Transcript Buffett Munger and Gates

Buffett Congress likely to tackle tax-dodging

mergers

Gates Munger amp Buffett slam high-speed trading

Buffett Munger call themselves a couple of

Gates New CEO pushes Microsoft to move faster

Buffett postgame Its human for CEOs to overreach

Alex CrippenSenior coordinating producer at CNBC

Warren Buffetts secret Read 500 pages a week

Monday 3 March 2014 | 122 EST | 258

CNBCs Becky Quick provides details from her interview with Warren Buffett on theUS economy and advice from Berkshire Hathaways investment managers Todd

Combs and Ted Weschler

Kill Your Business HeresHowhellip(ShopKeep)

Crash In History Is ItAround thehellip(Farnsfield Research)

Feel Like an Imposter atWork Yoursquore Not Alone(Work Intelligently)

Three Reasons to Investin Robotics(ThinkAdvisor)

692014 A stock pick from Warren Buffetts stock picker

httpwwwcnbccomid101461156 35

Warren Buffett Watch Squawk Box US Stocks Warren Buffett

Berkshire Hathaway Inc DaVita HealthCare Partners Inc

Im not sure what the stock will do over the next year or the next two

years But very comfortable that five years from now it will be a more

valuable franchise

Name Price Change Change Volume

DVA DaVita HealthCare Partners Inc 7193

002 003 536050

mdashBy CNBCs Alex Crippen Follow him on Twitter alexcrippen

Alex CrippenSenior Coordinating Producer

RELATED TOPICS

Price Change Change

BRKA 19191700

-97800 -051

DVA 7193 002 003

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BMW supplier Faurecia closing SC plant

Why prepaid wireless plans could get more pricey

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Expect Apple dip after stock split Technician

INVESTING rsaquo

Cramer Does this pet stock have legs

Growing market bullishness not a concern yet

Is Tesla becoming yesterdays fashion

After-hours buzz Caseys General Stores eBay ampmore

Why the next market milestone could come thisweek

TOP NEWS amp ANALYSIS rsaquo

Donald Sterling LA Clippers are not for sale

Stocks versus bonds - one market could get pounded

4 in 10 millennials overwhelmed by debt Study

Conn GOP was first tipped to Obamacare breach

Before deadly crash senators suggested rest rollback

MOST POPULAR STORIES rsaquo

Apple shares remain cheap pro says

Clintons were dead broke after White House

Who willmdashand wonrsquotmdashbenefit from student loan aid

Chip-enabled smart credit cards coming to US

Before deadly crash senators suggested rest rollback

MOST POPULAR VIDEO rsaquo

Huge volume in Apple

See short-term correction Pro

Closing Bell Exchange Global growth picture

iWatch iPhone potent combo Analyst

Apple splits Now what

MOST SHARED rsaquo

Who willmdashand wonrsquotmdashbenefit from student loan aid

Chip-enabled smart credit cards coming to US

Millionaire population is soaring Up 19 last year

Retirement savings fears grip Americans

Get ready robots are about to steal your job

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692014 A stock pick from Warren Buffetts stock picker

httpwwwcnbccomid101461156 35

Warren Buffett Watch Squawk Box US Stocks Warren Buffett

Berkshire Hathaway Inc DaVita HealthCare Partners Inc

Im not sure what the stock will do over the next year or the next two

years But very comfortable that five years from now it will be a more

valuable franchise

Name Price Change Change Volume

DVA DaVita HealthCare Partners Inc 7193

002 003 536050

mdashBy CNBCs Alex Crippen Follow him on Twitter alexcrippen

Alex CrippenSenior Coordinating Producer

RELATED TOPICS

Price Change Change

BRKA 19191700

-97800 -051

DVA 7193 002 003

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Deutsche Bank capital hike prices at 24 discount

BMW supplier Faurecia closing SC plant

Why prepaid wireless plans could get more pricey

Ukraines Poroshenko sworn in as president

Want work Try nukes where workforce is aging out

Expect Apple dip after stock split Technician

INVESTING rsaquo

Cramer Does this pet stock have legs

Growing market bullishness not a concern yet

Is Tesla becoming yesterdays fashion

After-hours buzz Caseys General Stores eBay ampmore

Why the next market milestone could come thisweek

TOP NEWS amp ANALYSIS rsaquo

Donald Sterling LA Clippers are not for sale

Stocks versus bonds - one market could get pounded

4 in 10 millennials overwhelmed by debt Study

Conn GOP was first tipped to Obamacare breach

Before deadly crash senators suggested rest rollback

MOST POPULAR STORIES rsaquo

Apple shares remain cheap pro says

Clintons were dead broke after White House

Who willmdashand wonrsquotmdashbenefit from student loan aid

Chip-enabled smart credit cards coming to US

Before deadly crash senators suggested rest rollback

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Huge volume in Apple

See short-term correction Pro

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Who willmdashand wonrsquotmdashbenefit from student loan aid

Chip-enabled smart credit cards coming to US

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Get ready robots are about to steal your job

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httpwwwcnbccomid101461156 45

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