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A vicious cycle beats a virtuous one: How Warren Buffett’s Geico fell behind Progressive in the auto insurance race

While Geico was investing in marketing and neglecting IT, its rival Progressive was investing in technology and gaining market share.

Adam Seessel

Warren Buffett posted pedestrian investment returns over the last years of his career, due largely to a failure to grasp the potential of Big Tech.

Advertisement Supported by Guest Essay By Adam Seessel A former journalist, Mr. Seessel is a money manager and the author of “Where the Money Is.”...