
Ep 397. The Financial History of GEICO with Capital Allocation Author, Jacob McDonough
Focused Compounding
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The Importance of Maintaining a Long-Term Investment
The stock was down 75% and then it got down another 85% so yeah for sure in the podcast I mentioned um Someone maybe my biases when I hear that guy go great business down 75% They had 28 straight years of underwriting profits and then one bad year of underwriting that a 5.9 million dollar underwriting loss But they still had positive net income. And just hearing that alone I'm very interested in a stock like that to research further So hopefully I wouldn't have bought guy go at that point, but honestly, yeah I would have been very interested ina stock like that If you're an expert in the insurance industry, there's enough red flags now after I've done
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