
Ep 397. The Financial History of GEICO with Capital Allocation Author, Jacob McDonough
Focused Compounding
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The Irony of Buying a Cheap Investment
Graham Newman bought Geico purely on like a cheap basis It was an asset play and he was like, well, if it doesn't work out we could always sell. He wrote the book on just only buying very cheap investments. So I think it's just funny that you know fate loves irony or whatever people like to say his most successful investment Was one that he really didn't think too hard aboutIt was bought purely because it was cheap.
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