✨ 13 Jan 2022 | Value Investing Substack NEWS
Berkshire's Insurance King Louis Simpson dies, AirAsia classified as PN17 company, South Korea raises key rate again, Japan’s former PM Toshiki Kaifu dies, Trump exits NPR interview abruptly
HIGHLIGHTS
Simpson managed the investment portfolio of the insurance giant Geico, a subsidiary of Buffett's Berkshire Hathaway conglomerate, between 1979 and 2009. He returned an average of 20.3% a year between 1980 and 2004, trouncing the S&P 500's 13.5% average annual return over the same period. Moreover, he beat the benchmark in 18 of those 25 years.