EP 301. Capital Allocation, 1967-1969: Buffett Buys National Indemnity -- and a Primer on Insurance Companies
Focused Compounding
00:00
Reinsurance
For a long time i've felt that, you know, it's not that attractive business. Berkshire was doing t because the overall company had so much capital versus national damne. The very first reinsurancestuff was just to add to the amount of underwriting that a national damnity could do by taking reinsurance on their own. But even before then, they were trying stuff with reinsurance as an idea of what to do.
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