The Importance of Float in Berkshire's Success

Since purchasing our first property, casualty insurer in 1967 birchers float has increased 8000 fold your acquisitions operations and innovations. Buffett as a stock picker sure if he stayed running a fund and he distributed money every once in a while said okay I'm going to pay this out and stuff like renaissance or something. Then yeah, his record would be really good over a huge period of time but he couldn't grow to bigger and bigger sizes. The way they've been able to do it is with float.