EP 301. Capital Allocation, 1967-1969: Buffett Buys National Indemnity -- and a Primer on Insurance Companies
Focused Compounding
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Progressive Insurance
Progressive is similar to gyko, and has some similar national indemnit. Progressive takes very little investment risk. It takes a lot of underwriting risk. Most insurers don't write anything like that. Some of the best insurance we've talked about in the past have invested in title insurance.
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