This interview took place on March 6 1976. At the time, a struggling insurer, Government Employees Insurance Company (GEICO) was making headlines as it teetered on the brink of bankruptcy. Ben Graham understood the opportunity GEICO offered, and that’s where the interview began.
Ben Graham and his partners had, at one time, been significant shareholders of GEICO
“...what happened was the team came into our office and after some negotiating, we bought half the company for $720,000. It turned out later that we were worth-the whole company--over a billion dollars in the stock market...Jerry Newman and I became active in the conduct of GEICO, although we both retired a number of years ago. I am glad I am not connected with...
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