Louis Simpson Invested GEICO Float on Behalf of Berkshire Hathaway

(May 6, 1996) GEICO owns and manages about five billions of insurance float. Warren #Buffett of #Berkshire Hathaway made an exception to Louis Simpson who is capable to manage money on behalf of Berkshire Hathaway. Warren Buffett believed in his superior investing skills and praised for his work at GEICO.

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