Concentrated Investing. Carlisle Tobias E.

15

“GEICO’s Story from the Beginning,” https://www.geico.com/about/corporate/history-the-full-story/.

16

Warren Buffett, “Chairman’s Letter,” Berkshire Hathaway, Inc., 2004.

17

Warren Buffett, “Chairman’s Letter,” Berkshire Hathaway, Inc., 1996.

18

Warren Buffett, “Chairman’s Letter,” Berkshire Hathaway, Inc., 2010.

19

Warren Buffett, “Chairman’s Letter,” Berkshire Hathaway, Inc., 1996.

20

“GEICO’s Story from the Beginning,” https://www.geico.com/about/corporate/history-the-full-story/.

21

Ibid.

22

Warren Buffett, “Chairman’s Letter,” Berkshire Hathaway, Inc., 2004.

23

Ibid.

24

“GEICO’s Story from the Beginning,” https://www.geico.com/about/corporate/history-the-full-story/.

25

Ibid.

26

David Barboza, “GEICO Chief May Be Heir to an Legend,” New York Times, April 29, 1997.

27

Warren Buffett, “Chairman’s Letter,” Berkshire Hathaway, Inc., 2004.

28

“GEICO’s Story from the Beginning,” https://www.geico.com/about/corporate/history-the-full-story/.

29

Warren Buffett, “Chairman’s Letter,” Berkshire Hathaway, Inc., 1995.

30

Time (1977). “Insurance: Geico Pulls Through,” Time Magazine, January 3, 1977.

31

Ibid.

32

Warren Buffett, “Chairman’s Letter,” Berkshire Hathaway, Inc., 1995.

33

Ibid.

34

David Barboza, “GEICO Chief May Be Heir to an Legend,” New York Times, April 29, 1997.

35

Lou Simpson, interview, June 8, 2011.

36

Jason Zweig, “The Best Investor You’ve Never Heard Of,” Money magazine, June 2000, http://money.cnn.com/2000/06/01/zweig_on_funds/zweig_on_funds/a.htm.

37

Ibid.

38

David Barboza, “GEICO Chief May Be Heir to an Legend,” New York Times, April 29, 1997.

39

Lou Simpson, interview, June 8, 2011.

40

Ibid.

41

Ibid.

42

Ibid.

43

Ibid.

44

David Barboza, “GEICO Chief May Be Heir to an Legend,” New York Times, April 29, 1997.

45

Ibid.

46

Ibid.

47

Lou Simpson, interview, June 8, 2011.

48

David Barboza, “GEICO Chief May Be Heir to an Legend,” New York Times, April 29, 1997.

49

Ibid.

50

Ibid.

51

Scot J. Paltrow, “Enigmatic Fred Carr: Insurance: Junk Bond Troubles Have Put the Spotlight on the Chief of Loss-Plagued First Executive. But Much about Him Remains a Mystery,” Los Angeles Times, April 8, 1990.

52

Lou Simpson, interview, June 8, 2011.

53

David Barboza, “GEICO Chief May Be Heir to an Legend,” New York Times, April 29, 1997.

54

Geraldine Fabrikant, “A Maestro of Investments in the Style of Buffett,” New York Times, April 23, 2007.

55

Lou Simpson, interview, June 8, 2011.

56

Ibid.

57

Ibid.

58

Ibid.

59

David Barboza, “GEICO Chief May Be Heir to an Legend,” New York Times, April 29, 1997.

60

Ibid.

61

Ibid.

62

Miles Weiss, “Buffett Stock Picker Simpson Opens Florida Firm after Retiring from GEICO,” Bloomberg, January 20, 2011.

63

Ibid.

64

Ibid.

65

David Barboza, “GEICO Chief May Be Heir to an Legend,” New York Times, April 29, 1997.

66

Geraldine Fabrikant, “A Maestro of Investments in the Style of Buffett,” New York Times, April 23, 2007.

67

Ibid.

68

Lou Simpson, interview, June 8, 2011.

69

Ibid.

70

Ibid.

71

Geraldine Fabrikant, “A Maestro of Investments in the Style of Buffett,” New York Times, April 23, 2007.

72

Warren Buffett, “Chairman’s Letter,” Berkshire Hathaway, Inc., 1996.

73

Lou Simpson, interview, June 8, 2011.

74

Ibid.

75

Geraldine Fabrikant, “A Maestro of Investments in the Style of Buffett,” New York Times, April 23, 2007.

76

Lou Simpson, interview, June 8, 2011.

77

Ibid.

78

Ibid.

79

Ibid.

80

Ibid.

81

Ibid.

82

David Barboza, “GEICO Chief May Be Heir to an Legend,” New York Times, April 29, 1997.

83

Lou Simpson, interview, June 8, 2011.

84

Ibid.

85

Miles Weiss, “Buffett Stock Picker Simpson Opens Florida Firm after Retiring from GEICO,” Bloomberg, January 20, 2011.

86

Ibid.

87

Lou Simpson, interview, June 8, 2011.

88

Ibid.

89

Zachary A. Goldfarb, David Cho, and Binyamin Appelbaum, “Treasury to Rescue Fannie and Freddie,” Washington Post, September 7, 2008.

90

Lou Simpson, interview, June 8, 2011.

91

Ibid.

92

Ibid.