Replies

To: mosel-saar-ruwer

Is Buffett invested in Geico? If he is I didn't know that.

309 posted on 02/12/2004 8:24:10 AM PST by Rutles4Ever

"Is Buffett invested in Geico? If he is I didn't know that."

That is why I cancelled Geico insurance - even if it did save me an average of $189.....

395 posted on 02/12/2004 8:34:36 AM PST by rocky88

To: Rutles4Ever; ConservativeMan55; All

Is Buffett invested in Geico? If he is I didn't know that.

Have you ever heard the story of how Federal Express originated as a business school term paper, and how the guy who proposed it got an F?

Well, Geico was Buffett's dream going all the way back possibly as far as when he was an undergraduate - his idea was that you could substantially undersell your competition by eliminating all the overhead that comes with locally franchised insurance resellers. It was sort of a proto-outsourcing business model, back before anyone dreamed of off-shoring all the way to India [of course, India was aligned with the Soviet Union in those days].

PS: This FR poster has chronicled Buffett's infatuation with the murder of the unborn child in the womb.

802 posted on 02/12/2004 9:04:16 AM PST by mosel-saar-ruwer

Buffet's holding company owns Geico.

Another lunatic lib elite who donates big time to the rats is Lewis, who owns Progressive Insurance.

897 posted on 02/12/2004 9:13:03 AM PST by Grampa Dave (John F'onda Kerry is a Benedict Arnold with his anti America activities, post Nam.)

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794