Insurance is a very difficult business to do well, says Buffett. He's holding close to $100 billion in treasuries today and expresses intent to keep buying them. I think there are a lot of businesses out there that he would love to own but not at valuations that really worked for him,. And so he is patient of nothing else.
Berkshire Hathaway bounced back from a recent loss with strong net income and billions in cash waiting for action.
Jason Moser and Deidre Woollard discuss: - The value of solid insurance underwriting. - Why Berkshire sees a future in catering to truck drivers. - Finding the secret sauce in consumer businesses.
Companies discussed: BRK.A, BRK.B, KHC, CPB, SOVO, SRG, KO, KNSL
Host: Deidre Woollard Guest: Jason Moser Producer: Ricky Mulvey Engineer: Rick Engdahl
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