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The Latest Breaking News from Geico

‘Even Though It’s Bad for Berkshire’ Billionaire Charlie Munger Said to Skip Insurance Because ‘You’re Paying for the Other Fellow’s Frauds’

The advice came with a condition: insure anything you could not comfortably afford to replace out of your own pocket.

Barchart

From a failing textile mill to a trillion-dollar giant: The Warren Buffett story

Warren Buffett has ended his formal leadership of Berkshire Hathaway after more than six decades, becoming chairman emeritus at 96. His son Howard Buffett takes over as chairman, while Greg Abel remains CEO. Buffett leaves behind a company he transformed from a struggling textile mill into a conglomerate worth more…

The Economic Times

Dallas woman uses a fork to lift ‘a lizard’ toward the rim of her Panda Express drink, then says she’s ‘never eating a panda again’

Definitely not on the menu

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Woman Pays For Geico Insurance. Then She Gets A Criminal Charge: 'My Bail Is $740'

"This whole time..."

Motor1

US Stock Market: Berkshire steps up buybacks, boosts Alphabet stake as cash falls

Berkshire Hathaway began deploying its cash pile in Q2, buying nearly $20 billion more stocks than it sold and ending a 14-quarter selling streak. It also repurchased $4.5 billion of its own shares in Q2 and bought about $10 billion of Alphabet stock, while posting better-than-expected operating profit.

The Economic Times

'Abel's Not Doing Anything I Don't Approve Of': Warren Buffett Says He Was Behind Berkshire's Alphabet Trade

Warren Buffett says he initiated Berkshire Hathaway's Alphabet trade and regrets not investing sooner in the company, despite GEICO being an early client of the tech giant.

International Business Times UK

Warren Buffett Takes Credit for Berkshire’s Alphabet Stock Buy: ‘I Initiated It’

One of the newest stocks added to the Berkshire Hathaway (NYSE:BRK)(NYSE:BRK) investment portfolio is Alphabet (NASDAQ:GOOG)(NASDAQ:GOOGL). While the position started towards the end of Warren Buffett’s time as CEO of Berkshire, the legendary investor wants people to know he gets the credit for buying the stock.

Benzinga

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‘You’ve Got To Be Kidding Me’: Thieves Target Atlanta Man’s Ford. He’s Shocked By What They Left Behind

'Wonder if they took the spare tire also."

Motor1

I'm a Berkshire Hathaway investor and I was wrong about Greg Abel. Here's why he's a better fit than Buffett right now

Berkshire's new CEO isn't Warren Buffett — and that's exactly what the company needs right now.

Fortune

The billion-dollar bet that turned insurance into entertainment

Four companies in one of America’s least glamorous industries solved one of its hardest business problems—by stopping talking about their product entirely.

Fortune

New CEO Greg Abel Just Bought $15 Million of Berkshire Hathaway Stock. Should You?

Abel has a great deal of incentive to boost Berkshire's stock, but the company is facing multiple challenges.

Barchart

Can Your Car Insurance Add Strangers to Your Policy? A Florida Class Action Lawsuit Could Decide

A Florida driver says GEICO added complete strangers to her car insurance policy and jacked up premiums as a result.

Kiplinger

How Is Berkshire Hathaway’s Stock Performance Compared to Other Financial Stocks?

While Berkshire Hathaway has lagged other financial stocks over the past year, analysts are still moderately bullish about its prospects.

Barchart

Should You Buy the Dip in This Oversold Michael Burry Stock?

Michael Burry says he’s happy with MOH stock, even as Molina Healthcare stock crumbles 25% on disappointing guidance. But are MOH shares really worth buying today?

Barchart

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Fortune

When Jamie Dimon poached a top Berkshire exec, he called Warren Buffett, who said ‘If he’s going anywhere, at least he’s going to you’

Former Geico CEO Todd Combs had been at Berkshire since 2010.

The Independent UK

Parents say Geico refused claim after car crash because their baby and toddler weren’t listed on insurance policy

The Michigan parents were on the hook for up to $15,000 worth of damage

Barchart

The Next GEICO? Michael Burry Is Pounding the Table on This 1 Warren Buffett-Esque Stock.

The famed Big Short investor is advocating for a long position in this healthcare stock.

The Independent UK

With the legendary Warren Buffett stepping back, Berkshire Hathaway enters a new era

Greg Abel faces the challenge of taking over Berkshire Hathaway from the legendary Warren Buffett this week

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Fortune

How Warren Buffett’s Geico fell behind Progressive in the auto-insurance race

While Geico was investing in marketing and neglecting IT, its rival Progressive was investing in technology and gaining market share.

Kiplinger

5 of Warren Buffett's Best Investments

The Oracle of Omaha generated plenty of wins throughout his illustrious career as an investor. Here are five of Warren Buffett's best investments.

Fortune

Jamie Dimon taps Jeff Bezos, Michael Dell and Ford CEO Jim Farley to advise JPMorgan's $1.5 trillion national-security initiative

Former military commanders, politicians, and one of Warren Buffett’s top stock pickers are also joining the advisory group.

International Business Times UK

Berkshire After Buffett: The Trio Who Will Shape Your Returns—Abel, Chang, O'Sullivan

Berkshire Hathaway announced significant changes to its senior management as Warren Buffett prepares to step down as CEO after leading the company for six decades.

The Independent UK

New head of Warren Buffett’s Berkshire Hathaway assembles top team

Greg Abel is reshaping his leadership team ahead of his January takeover

Benzinga

JPMorgan Poaches Berkshire Hathaway Star For $10 Billion US Investment Blitz

JP Morgan Chase Co. (NYSE:JPM) is putting a familiar name behind its newest, biggest U.S.-focused investing push, and the move doubles as a headline-grabbing talent shift out of Berkshire Hathaway Inc. (NYSE:BRK) (NYSE:BRK).

The Independent UK

80 percent of renters don’t have insurance. Experts explain why that’s a major mistake

Renters insurance can help cover the cost of replacing stolen or damaged items such as holiday gifts and electronics

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