Rebirth Strongest Tycoon

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Tiger Fund, Bridgewater Fund, and Polaris Capital are all in action. Xia Yu is not doing nothing, but heading into the New York Stock Exchange, continuing to study shares, hoping to discover one or even several future super gold stocks.

“GEICO, under the leadership of CEO Byrne, dropped 5% year-on-year in insurance claims costs in the first quarter, which is expected to get out of the quagmire…

On the New York Stock Exchange, Xia Yu sat in a chair and flipped through today’s edition of “Wall Street Journal”. In a corner of the sub-page, a piece of news attracted his attention.

“GEICO company? It turned out to be this company? Has it started to get out of the quagmire now?”

Xia Yu eyes narrowed, look down carefully.

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

Then he opened his eyes and quickly got up and looked for all the news about GEICO on the NYSE, especially the shareholder information.

The NYSE is the best place to collect information. The NYSE itself saves the information of each listed company and makes it public.

So it didn’t take long for Xia Yu to collect GEICO’s information. Looking at the shareholder information on it, he flashes through a bright light, secretly said in one’s heart.

On the major shareholder list, in the position of the second major shareholder, there is a company with a reputation for later generation, Berkshire Hathaway.

The shares ratio is 20% 7:3!

Immediately afterwards, he collected information from Berkshire Hathaway again, trying to make a more accurate judgment.

The next morning, he collected all the information from the two companies. He sat in his office, contemplating his eyebrows.

Needless to say, Berkshire Hathaway, the company controlled by Warren Buffett has a later generation market value of more than 5000 USD 100000000, ranking among the top 5 in the world, a proper financial empire.

But now, Berkshire Hathaway has not transformed, just a company with a market value of 200 million 70,000,000 USD.

Last year, Berkshire Hathaway’s operating profit was only 3000 4 million USD.

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

It is precisely because of last year’s explosive profit that Berkshire Hathaway’s market value has increased by 110% throughout the year.

In other words, at the beginning of last year, the market value of Berkshire Hathaway was just over 100000000 million USD.

But even today the market value of 200 million 70,000,000 USD is quite low. Considering the market value of later generation of more than 5000 100000000 USD, the gap has reached nearly 2 times!

More importantly, Berkshire Hathaway’s shares have not been split until the later generation, and the potential value of each share is now super amazing.

Considering the stock price of later generation Berkshire Hathaway of more than 30 10000 USD per share, and comparing it to the current stock price of a few 100 USD, Xia Yu could not help but feel 10000 1000.

Of course, Xia Yu, who has a memory of the later generation, is very clear that the high market value of Berkshire Hathaway is due to Warren Buffett’s super brilliant investment, and it is Berkshire Hathaway’s investment and annexation of GEICO. A key step in the transformation of Saway.

The later generation Berkshire Hathaway is a giant in the insurance industry of the United States and the world, and the foundation of all this comes from GEICO.

Speaking of this, I have to mention the glorious history of GEICO.

The full name of this company is the Government Employees Insurance Company. It was founded in the 40th generation, mainly for the auto insurance business of government employees. After Graham’s brilliant management, the Government Employees Insurance Company developed rapidly and became a company in more than ten years. The 5th largest auto insurance company in United States, once exceeded 1 billion USD at its highest market value!

Only in 1976, Graham had already left GEICO and ceased to serve as the Board-Chairman, and died that year. GEICO’s management made a series of errors in the assessment of insurance claims costs, which led to the company’s claims. Costs soared, 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 hunting the bottom, the dead camel is bigger than the horse. After all, GEICO was once the top auto insurance company in the United States. Even if the company is on the verge of bankruptcy due to a sudden management error, it cannot be concealed. The glorious past and deep background.

In 1976, the market value of Berkshire Hathaway was less than 200000000 million USD, and the investable capital was even less. Where can I buy several GEICO companies with a market value of more than 100000000 million?

Therefore, only ants eat meat, little by little gnaws, and in the past 4 years, they have increased their holdings step by step to 20% of the equity shares of 7:3!

And still further increase in holdings.

Warren Buffett will keep an eye on GEICO and will have no relationship with Graham.

Warren Buffett is a student of Graham, and Graham is a well-known securities analyst in United States. When Buffett was a student, he adored Graham enthusiastically. As long as the shares held by Graham Company, he would To invest.

In the 50s, Warren Buffett visited Graham in GEICO, talked to him for 4 hours, and finally bought shares of GEICO with 10000 USD. After earning 2% in the second year, he sold them all. .

Of course, Warren Buffett is eligible to visit Graham because of his congressman’s father. It’s just this point. Buffett’s rise is rarely discussed in his autobiography, and the media rarely publicize it. Most people only know how to drink. Chicken soup, how can one know the inevitable factor of Buffett’s success?

When other children are just playing games, Buffett follows his father on Wall Street and receives elite education. The starting point is much higher than that of ordinary people. When he grows up, he can also use his father’s contacts.

Having said that, now that GEICO’s ZTE person, Byrne, has taken office, then GEICO’s stepping out of the quagmire is a foregone conclusion.

By the later generation, GEICO once became the second largest auto insurance company in the United States, and it was the Heaven Supporting Pillar of Berkshire Hathaway.

Now Berkshire Hathaway only holds 20% of 7 equity shares, which is still low, but it is definitely increasing its holdings, and until 3, it will hold 1995% of equity shares. .

Subsequently, it spent 2.3 billion USD to acquire the remaining 40% of 9 equity shares and complete the privatization.

Such a huge potential insurance company made Xia Yu tempted.

Of course, Berkshire Hathaway also tempted him.

If you purchase Berkshire Hathaway’s equity shares now and become one of the major shareholder, you can fully enjoy the Good Fortune brought by GEICO after the acquisition.

However, after careful consideration, Xia Yu decided to take GEICO over.

It’s rare to encounter such an insurance company that has not yet risen, and has obviously been abandoned by the major consortium.

He needs a strong financial pillar in the United States, banks, securities companies, and insurance companies, of course.

As for the absence of GEICO, will Berkshire Hathaway fail to rise?

This point Xia Yu is not at all worried. The key to the rise of Berkshire Hathaway lies in the ability of Warren Buffett. As long as he remains in the Board-Chairman position, then Berkshire Hathaway It will definitely rise.

It’s just that the road to 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 acted immediately and transferred some people to form two acquisition groups, and began to absorb Berkshire Hathaway and GEICO shares.

At the same time, he also gave Peter Lynch time to go to Merrill Lynch.

Merrill Lynch was hired because Merrill Lynch held 10% of GEICO’s equity shares, but downgraded GEICO’s rating, which was obviously not optimistic.

So as long as the price is in place, Merrill Lynch is absolutely happy to sell the 10% 2 equity shares it holds to Polaris Capital.

And Merrill Lynch is the giant of Wall Street, let it come forward to acquire and privatize GEICO company, the success rate is very high.

Taking into account the business entrusted to acquire, Merrill Lynch readily sold the equity shares it held to Polaris Capital, which was only premium 10%!

GEICO is the equity shares that Warren Buffett has been staring at, and he naturally attaches great importance to it.

When Merrill Lynch looked for a door-to-door acquisition, he was stunned, and a strong sense of urgency rose in his heart.