1994-Morning Session-BRK Annual Shareholders Meeting
Berkshire Hathaway Annual Shareholder Meetings (since 1994)
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We Price to Experience, We Price to Experience
"We price to what we think is exposure, we don't price to experience. Rates will get silly in all likelihood after period when nothing much happens," he says. "When you lay out money or accept insurance risks, you really have to think for yourself."
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