Author Topic: Buffett/Berkshire - general news  (Read 649088 times)

mountboney

  • Jr. Member
  • **
  • Posts: 50
Re: Buffett/Berkshire - general news
« Reply #1680 on: July 02, 2020, 09:27:50 AM »
I don't get the BI insurance fear with regards to BRK.  Straight out of his mouth at this years annual meeting:

"We are not big in the commercial, multiple peril business.
Warren Buffett: (02:49:47)
So I mean, this is not like our auto business or anything of that sort, but we will have claims. We’ll have litigation costs, but proportionally it’s not the same with us as with some other companies, which have been much more…
Warren Buffett: (02:50:03)
…those with some other companies which have been much heavier in writing business interruption as part of a commercial, multiple peril."

How much clearer could he be?