EP 301. Capital Allocation, 1967-1969: Buffett Buys National Indemnity -- and a Primer on Insurance Companies
Focused Compounding
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Is There a Price Increase?
How do you judge the growth of an insurance company? You try to see if they can keep their combined ratio, on average, at a similar level. I think it's not a good sign if growth is speeding up at the same time the combined ratio is going up. A lot of his more a misjudgment of people, mister smith, beuwill involved in selling your product.
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