A Visit with an Investing Legend
Morningstar analysts swap ideas with legendary bargain-hunter Lou Simpson.
You'd think that anyone Warren Buffett proclaimed "a cinch to be inducted into the investment Hall of Fame" would be a household name. Think again.
For almost three decades Lou Simpson has managed insurer Geico's $4 billion-plus equity portfolio largely out of the limelight, amassing a nearly unrivaled record in the process. The Geico portfolio has topped the S&P 500 Index by an estimated 7% per annum during his tenure. It's not much of a stretch to call the 70-year-old Simpson one of the greatest investors of all time.
Jeffrey Ptak has a position in the following securities mentioned above: EBAY, JNJ, PG, WU. Find out about Morningstar’s editorial policies.