1987 article: Lou Simpson Stock Rises on His Successful IdeasVW Staff
1987 article: Lou Simpson Stock Rises on His Successful Ideas
It was Good Friday, the stock market was closed, and the man who manages a $2 billion portfolio of securities from his Chevy Chase office was happy. Free from phone calls and other interruptions related to the financial markets, Lou Simpson sat in his Geico Corp. office and read 15 annual reports.
“That to me is a good day,” Simpson said. “I found it to be enjoyable and productive.”
Simpson’s good days have turned into good years since he joined Geico as the insurance company’s chief stock market strategist in 1979.
For the past seven years, Simpson’s ability to pick stocks for Geico has placed him in the top tier of money managers nationwide.