Question: What do you think was Warren Buffett's motive for doing the acquisition? When answering this, you should consider his views about capital market efficiency and

What do you think was Warren Buffett's motive for doing the acquisition? When answering this, you should consider his views about "capital market efficiency" and what he considers to be the key driver of intrinsic value.

2. What drives the stock price changes for GEICO and Berkshire Hathaway on the day of the acquisition announcement? Specifically, what does the $718 million gain in Berkshire's market value of equity imply about the market's assessment of the intrinsic per share value of GEICO

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