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Ep 397. The Financial History of GEICO with Capital Allocation Author, Jacob McDonough

Focused Compounding

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Burn's Letters to the CEO

I think basically burn needed out of geico to have more of a challenge, but I think geico probably was ready for more of a peace time leader. Um at that point versus someone who really wanted to crash calls and and be in a fight once they got on better footing later on. One thing I noticed of burn too in his letters the way he writes kind of reminded me of how buffet was writing And in this time period too. He talks about anytime there's an underwriting loss brought up completely unacceptable as like the word he uses or an unacceptable Loss this year in this segment.

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