Ep 397. The Financial History of GEICO with Capital Allocation Author, Jacob McDonough
Focused Compounding
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How Berkshire Fared in Geico
Leverage is the main reason why you have the comparison of how Berkshire fared in this period in Geico. Another one is Berkshire had a quicker response. So that means their sales compared to their capital is very high and that has a a few unique risks that I actually didn't even really realize.
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