Buffett’s Greatest Asset and Costliest Mistake Are Two Sides of the Same Coin
Natural disasters slashed profits in one unit,while underwriting natural disaster risk continued to payoff.
Natural disasters slashed profits in one unit,while underwriting natural disaster risk continued to payoff.
Buffett and Berkshire on Florida exposure, GEICO frustrations and how they were “forced” out of banking and fell into insurance.
"You get those surprises in insurance, practically all of them are unpleasant."
Berkshire Hathaway’s Warren Buffett spent a large portion of his 50th anniversary investor letter [http://www.berkshirehathaway.com/letters/