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bar1080

12/31/16 3:07 PM

#1457 RE: Porgie Tirebiter #1456

"When people are overpaying to buy protection at the wrong time, that's when one needs to be in the market selling it."

That's why I've long owned shares in Travelers Insurance and why Buffett owns Geico and a bunch more firms like it. GEICO was perhaps his all-time favorite investment.

I'll read that PDF later. (stuck home with a bad cold today).