PATRICK BYRENS WILD RIDE
1976: Byrne’s father, Jack, goes to work at troubled Geico and turns it around, attracting an
investment from Warren Buffett, who will later call him the “Babe Ruth of
insurance.”
1976: As a teenager, Byrne starts spending time with family friend Warren Buffett (below).
1985: Diagnosed with testicular cancer after graduating from
Dartmouth.
1986: Embarks on cross-country bicycle ride; a few years later he beats cancer for
the third time.
1989: Finishes stint at Cambridge University as a Marshall Scholar. 1994: Receives Ph.D. in philosophy from
Stanford.
1997: Accepts job offer from Buffett to run Berkshire Hathaway-owned uniform manufacturer Fechheimer Brothers.
1999: Acquires a majority stake in D2Discounts Direct for $7 million; later renames
it Overstock.
2002: Takes Overstock public in a Dutch auction; stock begins trading on Nasdaq.
2005: Becomes obsessed with naked short-selling; files first
lawsuit.
2007: Files second short-selling lawsuit, against Wall Street.
2014: Overstock becomes first major
retailer to accept bitcoin as payment.
2016: Byrne takes medical leave, due to complications from
hepatitis C.
2017: Puts the retail business up for sale.
2019: Byrne reveals he is an FBI informant; resigns a month later.