Teds notoriety for many is derived from his unbelievable retirement account return, wherein he turned $70,000 (USD) in 1989, into $246.4 million (USD) in 2018. This return that dwarfs what the S&P 500 Index did over the same period, is even more remarkable given his personal account suffered a 52% loss in 1990 when two of his core holdings (Continental Health Affiliates stock and Intelogic Trace bonds), suffered 67% and 55% drawdowns respectively.

The podcast however discusses the interesting story of how he came to work as one of the very few Portfolio Managers at Berkshire Hathaway, involving a lunch with Warren Buffett at the (since closed) Omaha steakhouse Piccolo’s, how he got into Investment Management and what his day to day life is like.