Most of Berkshire’s subsidiaries send cash to Omaha to be re-allocated. There’s only one subsidiary that Omaha lets handle its own capital allocation: GEICO. In GEICO, there was (up until 2010) only one man that allocated it’s capital: Lou Simpson.
Here is an old, resurfaced profile/interview with Simpson (once heir to the investment throne at Berkshire). It’s from the Washington Post (significant somehow, Berkshire-nerds?) and was written in 1987 (significant somehow, stock-market-history-nerds?):
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