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4min chapter
Berkshire Hathaway Part III
Acquired
I'll Insure Things That Other People Won't Insure
Genry was bought by Warren Buffet in 98. He wanted to make a killing on 'super catastrophic' insurance policies. But the company got into financial trouble after 9 11, and he lost 300 million dollars within his first week as CEO. Genry then went through years of mismanagement before being taken over by Buffett's son-in-law George W Bush.
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