
Ep 397. The Financial History of GEICO with Capital Allocation Author, Jacob McDonough
Focused Compounding
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Buffet's Loss Development Tables
Almost half of the loss the next year could have been predicted Just based on the idea that if you hadn't taken the actions that were supposed to improve things and if things were worsening through the fourth quarter Then given that these are on a one-year lag and everything It's hard to see how you could lose less than 90 million or something the next year If it was so bad in the fourth quarter. So maybe loss development tables and especially some of that disclosures in the statutory filings and stuff Um, that's one thing I need to get better at looking at ensures the loss development tables where they break out Going back many years.
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