positiveMeeting2023conf:high
Daily Journal Annual Meeting 2023 — Munger Q&A
“he made more than half of all the money he made in his life out of one stock, and that stock was GEICO, which was a great business.”
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GEICO Corporation
$GRE19 mentions across the corpus · positive 7 · negative 4 · neutral 8 · historical 0
positiveMeeting2018-05-05conf:high
Afternoon Session - 2018 Meeting
“General Rhee has grown nicely. I know there's been some changes in the management... there's been some pickup, and I think, I think actually we'll see the property casually reinsurance business grow”
positiveLetter2013conf:high
2013 Berkshire Hathaway Shareholder Letter
“We have another reinsurance powerhouse in General Re, managed by Tad Montross... General Re is now a gem.”
neutralInterview2012-11-26conf:high
“We bought a company called General Re, which had 23,000, and it cost us $400 million before we got out of those.”
positiveMeeting2012-05-05conf:high
Afternoon Session - 2012 Meeting
“A question on General Re, if I look back at the General Ree property casualty premiums... I think that I think the life business will continue to grow... It's a terrific asset to us now.”
positiveMeeting2012-05-05conf:high
Morning Session - 2012 Meeting
“Gen Re, which looked like real problems for some years. I mean, Tad is running a fabulous operation there.”
neutralInterview2008conf:high
Warren Buffett 2008 Interview (Ivey Archive)
“I faced that question when we bought Gen Re in 1998. They were a medium size derivative company with 23,000 plus derivative contracts”
positiveEssay2008conf:high
Wesco 2008 Annual Meeting — Notes of Charlie Munger's Remarks (Peter Boodell)
“General Re. Brandon resignation... He did a magnificent job. We stand behind that observation. I would trust him personally.”
positiveEssay2007conf:high
Wesco 2007 Annual Meeting — Notes of Charlie Munger's Remarks (Whitney Tilson)
“now Gen Re is enormously improved – in fact, I think it's now worth the stock we gave to get it.”
negativeLetter2005conf:high
2005 Berkshire Hathaway Shareholder Letter
“Remember that the rationale for establishing this unit in 1990 was Gen Re's wish to meet the needs of insurance clients.”
negativeLetter2005conf:high
2005 Berkshire Hathaway Shareholder Letter
“Both Charlie and I knew at the time of the Gen Re purchase that it was a problem and told its management that we wanted to exit the business.”
negativeEssay2004conf:medium
Wesco 2004 Annual Meeting — Notes of Charlie Munger's Remarks (Whitney Tilson)
“Gen Re is running off its derivative book and we're seeing a lot of losses – far more than were stated.”
neutralEssay2004conf:medium
Wesco 2004 Annual Meeting — Notes of Charlie Munger's Remarks (Whitney Tilson)
“I would bet a lot of money that both Gen Re and Berkshire are way more conservative than average”
negativeEssay2003conf:high
Wesco 2003 Annual Meeting — Notes of Charlie Munger's Remarks (Whitney Tilson)
“We tried to sell Gen Re's derivatives operation and couldn't, so we started liquidating it. We had to take big markdowns.”
neutralMeeting2002-05-04conf:medium
Afternoon Session - 2002 Meeting
“We're talking about general... about General Rhee here, basically, because that's where we had the problem. I think General Rhee had an enormously successful operation”
neutralMeeting2001-04-28conf:medium
Morning Session - 2001 Meeting
“when we bought General Re, they had asbestos liabilities from reinsurance contracts”
neutralMeeting2000-04-29conf:medium
Morning Session - 2000 Meeting
“The big operations are General Rhee and GEICO and the National Indemnity reinsurance operation”
neutralMeeting1999-05-03conf:medium
Morning Session - 1999 Meeting
“when we buy a general re. I mean, we are paying billions and billions of dollars for it or when we buy a GEICO”
neutralLetter1985conf:medium
1985 Berkshire Hathaway Shareholder Letter
“a story told me many years ago by the then Chairman of General Reinsurance Company. He said that every year his managers told him”