Monday, December 8, 2025

The Market -- Part 3 -- BRK, JPM, Todd Combs -- December 8, 2025

Locator: 49662BRK. 

Something to explore: 

AI prompt

Something completely different. Your thoughts on Todd Combs moving to JPM. I think it's a huge, huge win-win for everyone involved. 
Berkshire now has a lieutenant at JPM (again). Combs will be head of an incredibly "rich" EXTERNAL advisory council which includes Farley, Bezos, Dell, etc. 
Although Jamie Dimon now hints he may stay longer, it wasn't long ago that Jamie Dimon thought he might transition to an executive chairman role as early as 2026 - 2028. Simple minds like me think that the timing and the DNA of the external advisory group puts Todd Combs in a position to succeed Jamie Dimon. Thoughts?

ChatGPT: replied. 

I just spent the past hour or so discussing with my imaginary friend about Todd Combs moving to JPM. Once I had read wiki and a little bit of background, I came to the conclusion that Todd Combs moving to JPM was brilliant. I asked what Charles — the name of my imaginary friend — thought.

That discussion took us down another rabbit hole and then yet another rabbit hole. Interesting, we came -- or at least I did -- full-circle realizing where Buffett / BRK fit in this huge, huge mosaic. And I came to the same conclusion I came to several weeks ago: BRK is doing just fine.