many things he said are 似是而非, don't waste your time
GEICO is near bankruptcy at 1973-1975. Jack Byrne then became CEO. Jack Byrne is a Legend in insurance field and turned around GEICO.
Buffett spend many hours talking to Jack Byrne before making the purchase, his position never had a significant loss.
(Jack Byrne founded WTM later, also a superb company. sadly he passed away earlier this year)
Buffett bought KO and started to profit the same year.
Michael Burry is a extremely talented investor and I learned a lot from his old posts at silicon investor website. But he didn't make couple Billions...he probably made 100 millions himself and his investors made 700 millions.
Why post his account everyday if he is a long term investor? That's contradicting what he said.
GEICO is near bankruptcy at 1973-1975. Jack Byrne then became CEO. Jack Byrne is a Legend in insurance field and turned around GEICO.
Buffett spend many hours talking to Jack Byrne before making the purchase, his position never had a significant loss.
(Jack Byrne founded WTM later, also a superb company. sadly he passed away earlier this year)
Buffett bought KO and started to profit the same year.
Michael Burry is a extremely talented investor and I learned a lot from his old posts at silicon investor website. But he didn't make couple Billions...he probably made 100 millions himself and his investors made 700 millions.
Why post his account everyday if he is a long term investor? That's contradicting what he said.
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