QuestionerWhat has been the single best investment of your careers? Probably in terms of what it's done already and where it's going to go over time, probably the single best investment was the first half of GEICO, which we purchased for $40 million.
WarrenNow, the second half cost us $2 billion. I'm glad I didn't buy it in thirds. But, you know, that $40 million will... That $40 million will, for half the company, will turn out very well. But GEICO, some of our businesses have growth potential, some don't. And we don't require growth potential as part of a business. If a business makes good money and we can use it to buy other businesses, one of the advantages of the Berkshire system is we have a tax-efficient and kind of frictionless way of moving money to the best opportunities. And GEICO internally, has still enormous possibilities for growth.
QuestionerWell, but GEICO, after all, cost $2 billion for the second half and a significant number of tens of millions for the first half. Now, the search expenses that brought us Ajit Jane, now there was an investment that really paid a dividend. I can think of no higher return investment that we've ever made. It was better than that one. And I think that's a good life lesson. In other words, getting the right people into your system can frequently be more important than anything else.