GEICO's Bankruptcy Scare and Buffett's Investment (General Research Notes #4)

Regarding John "Jack" Byrne saving GEICO from the brink of bankruptcy in the 1970s, and Buffett's investment.

Saving GEICO from the Brink of Bankruptcy (1970s)

As with other sections in these General Research Notes, the following contains excerpts from investor letters, books, and articles. Here, the notes are related to GEICO and their scare with bankruptcy, the events that led up to that event, the actions by a new CEO, and Buffett’s investment.

To read more quickly, I bolden the more important quotes.