Famous Quotes from 2024 Annual Meeting

1. "The math of compounding and a long runway have done wonders."

2. "Charlie never tried to ingratiate himself with me. He told me when I was wrong."

3. "We look at the business behind the stock. We want to understand what makes the business valuable."

4. "Our big investments will basically be in America. We know America works."

5. "AI is a double-edged sword. It can do wonderful things, but it also has tremendous potential for harm. It's like fire - useful but dangerous."

6. "GEICO's core advantage is extremely low costs. We can offer insurance at prices competitors cannot match."

7. "You trust the people around you, but you must maintain your own judgment on investments."

8. "We raise prices to reflect climate risk. Florida's insurance market is extremely difficult."

9. "If the right opportunity comes in Canada, we would absolutely consider it."

10. "Having Ajit Jain running our insurance operations gives us an enormous advantage. He's irreplaceable."

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Source: 2024_Annual_Meeting.md (Thomas Chua, RanRan translation)