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2min chapter
Berkshire Hathaway Part I
Acquired
Using Berkshire's Capital in National Indemnity
An operating business both consumes capital and spits off cash, also produces the capital. This is brilliant, because this now enables warren to start building up a two sided fly wheel of more and more insurance businesses that generate more and more float. Lik: He can go out and just run this play book all day long. It's amazing,. right?
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