How much did Warren Buffett pay for GEICO?
How much did Warren Buffett pay for GEICO?
With a belief in Byrne’s abilities and GEICO’s main competitive advantages still being intact, Buffett pounced on GEICO’s distressed share price, buying $4.1 million in GEICO common shares and another $19.4 million in convertible preferred stock. Dec 29, 2019
