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Value After Hours S05 E13: Matthew Cochrane, History of Insurance and Gambling, Value, and Recession

The Acquirers Podcast

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The Cost of Insurance

Matt Cochrane: Buffett said in one of his letters that a gentleman came and looked at Berkshire, the company and Berkshire's insurance policies. He says they were too expensive so he got another policy from someone else. But I think Berkshire itself is rock solid; it doesn't matter who you're buying your insurance from. So why not consider counterparty risk when making decisions like this?

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