Poor Charlie's Almanack: The Essential Wit and Wisdom of Charles T. Munger · chapter 3 · id poor-charlies-almanack-c3-08-munger-cites-the-geico-washing

“Munger cites the GEICO, Washington Post, and Gillette investments as paradigm cases of buying wonderful businesses at fair prices, generating billions in returns for Berkshire.”

holdsconfidence: high✓ ZHP-verified + red-teamed

Receipts

Berkshire Hathaway 2014 Annual Lettersource alive

In 1973, we bought Washington Post stock for $10.6 million. The position grew to over $1.7 billion.

Berkshire Hathaway 1995 Annual Lettersource alive

Our GEICO investment has been a grand slam. The original investment of $45.7 million in 1976 grew spectacularly.

This claim is a stable, citable object. If you can falsify a verdict, tell us — corrections are loud here.