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Matt Levine's take on it (tl;dr: "I don't know!") from March 1: https://www.bloomberg.com/opinion/articles/2019-03-01/insurance-is-where-the-money-is https://w
by T-A 8y ago
Matt Levine's take on it (tl;dr: "I don't know!") from March 1:
https://www.bloomberg.com/opinion/articles/2019-03-01/insurance-is-where-the-money-is https://www.bloomberg.com/opinion/articles/2019-03-01/insura...
- atdrummond 8y agoI'm surprised Matt didn't mention that this is one way BRK amplifies their results.
- jpmoral 8y ago“Guy buys insurance company and invests its float in his other business ideas” can describe a scam, but it can also describe Warren Buffett.