Tiger Fund, Bridgewater Fund and Polaris Capital are all in action, and Xia Yu is not idle, but has plunged into the New York Stock Exchange, continuing to study stocks, hoping to unearth one or even several future super gold stocks.

"GEICO, under the leadership of CEO Byrne, is on track to get out ......of the quagmire with a five-percent year-on-year drop in insurance claims costs in the first quarter."

On the New York Stock Exchange, Xia Yu sat on a chair, flipping through today's edition of the Wall Street Journal, and in a corner of the sub-page, a piece of news caught his attention.

"GEICO? Is this the company?

Xia Yu's eyes froze and looked down carefully.

After reading it for a long time, he closed his eyes and pondered, thinking about everything about GEICO.

Then I saw him open his eyes, quickly get up and look for all the news about GEICO on the New York Stock Exchange, especially the shareholder information.

The New York Stock Exchange is the best place to collect information, and the New York Stock Exchange itself will keep the information of each listed company and make it public.

So it didn't take long for Xia Yu to collect the information of GEICO company, looking at the shareholder information on it, a fine light flashed in his eyes, and he secretly said in his heart.

I saw that on the list of major shareholders, in the position of the second largest shareholder, there was a company that would become famous in the future - Berkshire Hathaway.

And the shareholding ratio is 27.3%!

Immediately afterward, he collected information from Berkshire Hathaway again in an attempt to make a more accurate judgment.

The next morning, he gathered all the information about the two companies, and he sat in his office, frowning and thinking.

Needless to say, Berkshire Hathaway, the company helmed by Warren Buffett, has a market value of more than $500 billion in later generations, ranking among the top five in the world, and a proper financial empire.

Today, however, Berkshire Hathaway has not metamorphosed, but is only a $270 million company.

Last year, Berkshire Hathaway's operating profit was just $34 million.

But this profit is already the highest ever from Berkshire Hathaway.

It was because of last year's explosive earnings that Berkshire Hathaway's market capitalization rose by 110 percent for the year.

In other words, at the beginning of last year, Berkshire Hathaway's market value was just over $100 million.

However, even today's market value of $270 million is quite low, and when you think about its market value of more than $500 billion in later generations, the gap has reached nearly 2,000 times!

What's more, Berkshire Hathaway's stock has not been split until later generations, and the potential value of each share is now staggering.

Thinking about the stock price of Berkshire Hathaway in the future, which is more than $300,000 per share, and compared with the stock price of several hundred dollars per share today, Xia Yu can't help but feel a lot of emotion.

Of course, Xia Yu, who has the memory of later generations, knows very well that Berkshire Hathaway's high market value is due to Warren Buffett's super-clever investment, and investing in and annexing GEICO is a key step in Berkshire Hathaway's transformation.

The Berkshire Hathaway Company was a giant in the insurance industry in the United States and even in the world, and the foundation of all this originated from GEICO.

Speaking of which, we have to mention the illustrious history of GEICO.

The full name of this company is the government employee insurance company, founded in the 40s, mainly for government employees car insurance business, through Graham's clever operation, the government employee insurance company has developed rapidly, more than ten years to become the fifth largest car insurance company in the United States, the highest market value once exceeded one billion dollars!

However, in 1976, Graham had already left GEICO to no longer serve as chairman, and died in the same year, GEICO's management made a series of mistakes in the assessment of insurance claim costs, resulting in a significant increase in the company's claims costs, GEICO fell into a loss, and was almost on the verge of bankruptcy.

At this time, Warren Buffett took action and began to intervene in buying GEICO shares from the market.

Although Berkshire Hathaway is buying the bottom, but the dead camel is bigger than the horse, after all, GEICO was once one of the top auto insurance companies in the United States, even if the sudden management mistakes, the company is on the verge of bankruptcy, but it can not hide its glorious past and deep heritage.

In 1976, Berkshire Hathaway had a market value of less than $100 million, and its investable capital was even smaller.

Therefore, it can only be like ants eating meat, gnawing little by little, and in the past four years, it has gradually increased its holdings to 27.3% of the equity ratio!

And it is still increasing its holdings further.

Warren Buffett will have his eye on GEICO and will have nothing to do with Graham.

Warren Buffett is a student of Graham, and Graham is a well-known securities analyst in the United States, when Buffett was a student, he fanatically admired Graham, as long as it was a stock held by Graham's company, he would invest in it.

In the 50s, Warren Buffett visited Graham at GEICO, talked with him for four hours, and finally bought GEICO stock for $10,000, and sold it the next year after making 50% of the profits.

Of course, Warren Buffett is qualified to visit Graham entirely because of his congressman's father, but this is rarely talked about in Buffett's rise autobiography, and the media rarely publicizes it.

When other children just play games, Buffett follows his father around Wall Street, receives an elite education, starts from a much higher than ordinary people, and can also use his father's connections when he grows up.

Having said that, now that Byrne, the person of GEICO's ZTE, has taken office, it is a foregone conclusion that GEICO will get out of the quagmire.

In later generations, GEICO became the second largest auto insurance company in the United States and was the Optimus Prime of Berkshire Hathaway.

Today, Berkshire Hathaway only owns 27.3 percent, which is a relatively small percentage, but it is certainly increasing its holdings and will hold 51 percent by 1995.

It then spent $2.3 billion to acquire the remaining 49 percent of the shares and complete the privatization.

Such an insurance company with huge potential made Xia Yu tempted.

Of course, Berkshire Hathaway also made him tempted.

If you buy a stake in Berkshire Hathaway now and become a majority shareholder, you can fully enjoy the blessings brought by the acquisition of GEICO.

But after thinking about it carefully, Xia Yu still decided to snatch GEICO over the company.

It is rare to encounter such an insurance company that has not yet risen and has obviously been abandoned by large conglomerates.

He needs a strong financial pillar in the United States, a bank, a securities company, and of course, an insurance company.

As for the absence of GEICO, would Berkshire Hathaway rise and fail?

Xia Yu is not worried about this at all, the key to the rise of Berkshire Hathaway is Warren Buffett's ability, as long as he is still in the position of chairman one day, then Berkshire Hathaway will definitely rise.

It's just that the path of rise will definitely be different from the previous life, and the height of rise will also be different.

After making up his mind, Xia Yu immediately took action and transferred some people to form two acquisition groups and began to absorb the shares of Berkshire Hathaway and GEICO.

At the same time, he also asked Peter Lynch to take time off to go to Merrill Lynch.

The reason why Merrill Lynch came to Merrill Lynch is that Merrill Lynch holds 12% of the equity of GEICO, but it has downgraded GEICO, which is obviously not optimistic about it.

So as long as the price is right, Merrill Lynch is absolutely happy to sell its 12 percent stake to Polaris Capital.

Merrill Lynch is the giant of Wall Street, and it has a very high success rate in buying and privatizing GEICO.

Considering the entrusted acquisition business, Merrill Lynch happily sold its stake to Polaris Capital at a premium of only 10 percent!

GEICO is the equity that Warren Buffett has been eyeing and naturally attaches great importance to it.

When Merrill Lynch approached him for the acquisition, he was stunned, and then a strong sense of urgency rose in his heart.

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