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Just wondering, why would an Insurance company buy BlackBerry? What are they planning to do with it?
by xux 13y ago
Just wondering, why would an Insurance company buy BlackBerry? What are they planning to do with it?
- bgilroy26 13y agoI started working at an insurance company (my second real job) 6 mos ago. Insurance companies are banks but instead of getting money to invest from depositors, it comes from businesses and individuals who hold policies. A population of policy holders is predictable most of the time. You take the money that you know you won't have to pay out and you invest it. Warren Buffet's money comes from Geico etc. That's why they advertise so much. The operations of Geico do not return fast enough to justify that marketing spend. Warren Buffet's portfolio of businesses, on the other hand, return handsomely. A good sized fraction of the money of the people who see all those commercials gets funneled directly into GEICO's float and increases Buffet's leverage.