I have a hard time believing Ted has special insights into either of these businesses, regardless of whether he has invested 500 hours of his time. I'm quite sure he has special insights based on his history with the company that stretched back more than a decade. And my assumption is that I'm missing something important and completely wrong regarding DaVita. The purpose of my skepticism is more along the lines of wanting to know what I'm missing rather than doubting Weschler. I could be wrong regarding my fear of the government being such a large part of DaVita's revenue, or I could be missing something regarding future opportunities, or maybe something else entirely. You have someone else coming in to manage the investments that will be nowhere near as good as Warren Buffett. Obviously true ... but unfortunately we don't have the option of having Warren Buffett stick around for the next 30 years whereas both Combs and Weschler could very well be managing Berkshire's money into the 2040s.
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