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its no dirty secret, google finance makes it pretty clear "Sector: Financial > Industry: Insurance (Prop. & Casualty)". It's possible there's questionable acc
by condor 18y ago
its no dirty secret, google finance makes it pretty clear "Sector: Financial > Industry: Insurance (Prop. & Casualty)". It's possible there's questionable accounting in the history, but 30+ years into it, I'm surprised nothing major's come up seeing how large and public a target he and berkshire are and how many other accounting cheats have been netted.
- kingkongrevenge 18y agoIt kinda has come up a few times if you care to google. The thing is, I don't think much ILLEGAL has gone on. Just ... questionable. Nothing strictly wrong with that, but it sort of flies in the face of all the nauseating buffet fawning. Tax avoidance is almost the bread and butter of international property and casualty. They help multi-nationals repatriate earnings in low tax countries. Nothing ILLEGAL about that... just something the sycophants probably don't realize.