
2014-Afternoon Session-BRK Annual Shareholders Meeting
Berkshire Hathaway Annual Shareholder Meetings (since 1994)
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Will Geico Overtake State Farm?
We didn't want to move to Dallas, even though we're opening the store there next year. It's an economic boon for Omaha. And I think that the hotels will do extremely well next year. But I don't think they can push it to the ultimate extreme of a total scarcity product. Jay? This question is on Geico. Will Geico with 10% market share currently in auto insurance eventually overtake state farm, which currently has 19% market share in auto insurance? Yeah. Nobody knows the answer to that for sure. But I will tell you this: We passed all state this year. The 15 years prior to Tony coming, taking over roughly 15 years, maybe 14 years
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