Buffett relies on 29-year-old advisor

Tracy Britt Cool will make you feel like an underachiever.

In 2009, Warren Buffet hired her out of business school to manage a commercial mortgage finance company he had just bought, reports Bloomberg. At the time, Cool was 25.

Read: Invest within your circle of competence

Berkadia Commercial Mortgage has already earned most of the $217 million Buffett spent to buy it. And in the interim, Cool has also proven herself a capable manager, says Bloomberg.

Now, Cool advises a number of companies that Buffett owns through his Berkshire Hathaway empire, says Bloomberg. He’s bought companies on her advice, and she now chairs business units worth more than $4 billion on his behalf.

Read more here.

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Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.