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A quick look at Wikipedia's entry on Berkshire Hathaway would have revealed that BH owns Geico, General Re (reinsurance) and yes, some life insurance companies
by patrickg-zill 18y ago
A quick look at Wikipedia's entry on Berkshire Hathaway would have revealed that BH owns Geico, General Re (reinsurance) and yes, some life insurance companies as well.
- byrneseyeview 18y agoThat's true. Perhaps the part of my comment referring to Berkshire's presence in the reinsurance industry was a subtle clue that I was aware that they had a presence in the reinsurance industry. It would be helpful to explain why Berkshire's CEO would sacrifice his excellent reputation as a fair guy -- a reputation absolutely necessary to Berkshire's strategy of deploying capital cheaply by being the buyer of first resort -- in order to enhance the performance of "some [nameless? nonexistent?] life insurance companies" rather than his flagship holdings like Geico, General Re, MidAmerica, Marmon, etc.? It's a crazy theory. I think the death tax is a poor idea, but this Buffett fellow seems legit.