As I covered in the second part of this series, 1948 was a landmark year for Benjamin Graham and his partner, Jerome Newman. The duo, which founded the Graham-Newman Corporation in 1936, found themselves owning 50% of a struggling insurance business, the Government Employees Insurance Company (GEICO). However, due to SEC to investment company ownership rules, the firm had been forced to spin-off the investment.
Q3 2022 hedge fund letters, conferences and more
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