Ironically enough, the aggregate of profits accruing from this [GEICO] investment decision far exceeded the sum of all the others realized through 20 years of wide-ranging operations…. Are there morals to this story of value to the intelligent investor? ...[One] is that one lucky break, or one supremely shrewd decision – can we tell them apart? – may count for more than a lifetime of journeyman efforts.

Author
Benjamin Graham
Created
Nov 30, 2023 8:10 PM
Last Edited
Nov 30, 2023 8:10 PM
Topic