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Berkshire Hathaway Part I
Acquired
The Insurance Business Becomes Part of Berkshire
It's unclear how much warran thought about this ahead time, or more like he was just looking for something to buy for berkshire. He sort of stumbles upon this is probably like the single greatest insight that buffet has across his entire career. As an insurance company you do need some cash on hand because, like, you got to pay out some policis lik you now.
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