Subject: Some serious criticism of Todd Combs
https://www.reddit.com/r/Geico...

It looks like Todd is quite unpopular at Geico. Maybe just because he is cutting too many jobs, but there seem to be other issues as well which should at least be on our radar.

E.g. the fact that Geico is losing the battle with Progressive.

His investments have also performed below average. I especially point to the fact that he apparently was sucked into the tech bubble right at the worst time.

"He has now underperformed these broader indices going on in
private tech investing right before the recent profitless tech bubble burst, getting suckered in right at the top... he invested in Paytm in India for huge losses over a period of time when the broader markets were up a ton. His position in Nubank has generated relatively mediocre returns. He invested in the IPO of Snowflake - a sweetheart IPOallocation in the hottest thing in tech."

https://x.com/CDMCapital/statu...

How can he manage $20B with the necessary care while turning around Geico and keep his board seats at JPM, Duracell, PCP?

Personally, I believe Buffett should provide more disclosure on the performance of his successors.