
1995-Morning Session-BRK Annual Shareholders Meeting
Berkshire Hathaway Annual Shareholder Meetings (since 1994)
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Why You Shouldn't Buy Insurance
The question is about partnerships between probably commercial policy holders and their insurers. As a general matter there are only two reasons for buying insurance. One is to protect yourself against the loss that you are unable or unwilling to bury yourself. The second reason which occasionally comes up is if you think the insurance company is actually selling you a policy that is too cheap.
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