Buffett Thoughts on GEICO in 1976

Posted on 8 CommentsPosted in Investment Philosophy, Warren Buffett

I’ve been spending the vast majority of my time working on a number of new investment ideas, but I do find time to catch up on reading the paper. Earlier this week I came across a post on one of the Wall Street Journal blogs that posted a copy of an old letter that Warren Buffett sent to George Young at National Indemnity (a Berkshire owned insurance subsidiary) regarding his thoughts on GEICO. I’ve written a few posts on Buffett […]

Buffett’s Early Investments

Posted on 23 CommentsPosted in Ben Graham, Case Studies, Investment Philosophy, Superinvestors, Warren Buffett

“The highest rates of return I’ve ever achieved were in the 1950’s. I killed the Dow. You ought to see the numbers. But I was investing peanuts then. It’s a huge structural advantage not to have a lot of money. I think I could make you 50% a year on $1 million. No, I know I could. I guarantee that.” – Warren Buffett, 1999 Most Buffett fans have seen that quote. I recently had a few questions and comments that […]

A Few Key Links From 2013

Posted on 7 CommentsPosted in Case Studies, Charlie Munger, General Thoughts, Mohnish Pabrai, Superinvestors, Warren Buffett

It’s the last day of the year, and everywhere you look are various “Top 10 lists”, “2013 Best Posts”, etc… Despite the title, this post is not such a list… I thought I would re-post some links to just a few things that I have read recently that I found interesting. It is more coincidence that I’m posting this on the last day of the year, and this is far from a comprehensive list of valuable things I’ve read this […]

Intelligent Investor: Consistent Base Hits & The Occasional Home Run

Posted on Leave a commentPosted in Investment Philosophy

This is one of my favorite passages from The Intelligent Investor. It’s a passage that I immediately gravitated to when I first read it, and it does a nice job of summarizing how I think about my investment approach: methodically making many different investment decisions that as a group end up yielding excellent results over time. To use a baseball metaphor… I like getting on base as often as possible: hitting singles. I’m always prepared for the home run ball, […]

Case Study-The Story of GEICO, Graham, and Buffett

Posted on 8 CommentsPosted in Ben Graham, Case Studies, Investment Philosophy, Superinvestors, Warren Buffett

Geico is a company that is owned by Warren Buffett’s Berkshire Hathaway. It’s an incredibly interesting company to study. I recently read an outstanding presentation on the company by David Rolfe of Wedgewood Partners. This post is my take… a short summary of the story of GEICO from the notes of that presentation. I recommend studying the presentation for more details on the company itself-I learned a lot by doing so. It’s a great case study. Now… for the story, […]