
2001-Morning Session-BRK Annual Shareholders Meeting
Berkshire Hathaway Annual Shareholder Meetings (since 1994)
00:00
The Unthinkable Happens in the Insurance Business
State farm as a competitor is a mutual company and it has a huge amount of net worth. They do not need that they can subsidize to some extent current auto policyholders with the profits that were derived from auto policyholders of the past. I have nothing but basically good things to say about what's safe farmers done over the years.
Transcript
Play full episode