Berkshire Hathaway Annual Shareholder Meetings (since 1994) cover image

2020-Full Session-BRK Annual Shareholders Meeting

Berkshire Hathaway Annual Shareholder Meetings (since 1994)

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The Insurance Business Is Worth a Lot of Money and It Doesn't Take Capital

We're particularly well-suited for the insurance business. It requires having capital available, but we're able to invest that money largely in things we'd like to own anyway. We aren't unique when you look at energy or rail. But those businesses generally can recover a significant portion of their costs,. even in an inflationary environment and still are in a reasonable return.

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