January 23, 2011 by staff
GEICO, Once identified by Buffett at the head of Berkshire potential investment in an emergency, Simpson retired after over 31 years of stock picking for his “Geico Corp”auto-insurance subsidiary. Buffett in Berkshire’s annual letter to shareholders for the year 2004, devoted a section to Simpson entitled “Portrait of a disciplined investor,” says his choices have produced an average annual return of 20 percent since 1980, compared to 14 percent for the Standard & Poor’s 500 Index.
“He just hit the ball cap of the year after year,” said Jack Byrne, the former president “Geico”qui hired Simpson with the participation of Buffett in 1979.” I asked Lou for 20 years if he would take a separate account with me. ”
Simpson said he planned to stay “Geico”pour a year or two, only to change his mind after buying a home in Naples with Querrey last January with 13 million, a price described in the documents public properties to the Florida Collier County. Once the couple decided to make Florida their primary residence, Simpson chose to end his career in asset management, a choice that proved short-lived.
As CEO of “capital operations”Geico, Simpson has received some of the stock returns of the insurer that was above average for the S & P 500 over periods of three years, according to Mr. Byrne. Buffett has referred to the 2006 Convention in his letter to Berkshire shareholders.
“Under this agreement, he won large amounts,” Buffett wrote. “Lou, however, may have long since left to manage much more money at more favorable terms.”
Duck is back in fourth place before JGR / Yamaha Justin Brayton Muscle Milk, while “GEICO”motorisés Honda Kevin Windham finished sixth ahead Motorsports Honda Chad Reed TwoTwo, which fell on the first round after hitting a block of tufa who was hit on the runway.
Rockstar Makita Suzuki Brett Metcalfe finished eighth, with Red Bull KTM Andrew Short in the ninth and Kyle Chisholm Yamaha Motorcycle Concept at the 10th.
Cole Seely topped with a wild start in the Lites main event to lead to a group that included Josh Hansen and Eli Tomac. Hansen won the second round and dropped outside the top 10, the delivery of the runner-up slot in a hard-charging Tomac. In the meantime, Hansen Monster Energy / Pro Circuit / Kawasaki teammate Broc Tickle and Rockstar Energy Suzuki’s Ryan Morais began a battle on the third, which was to last the rest of the race.
Finishing three seconds back in second place was Tomac, who kept his “GEICO”Honda just far enough from the battle for third to stay out of danger. Meanwhile, Morais made a pass on the final lap to steal Tickle place on the podium.
Hanson collected some championship points on his way to fifth by the end of the race, topping the Red Bull KTM Roczen Ken, who was also forced to fight his way back after going out in the first round.
Ryan Marmont KTM Also finished seventh in front of Honda rider James Decotis and Shred Stix DNA / Yamaha teammates Nick Paluzzi and Kyle Cunningham.
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