SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Pastimes : The Justa & Lars Honors Bob Brinker Investment Club
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Ian@SI who wrote (9027)10/2/1999 2:02:00 AM
From: Lars  Read Replies (1) of 15132
 
Ian,

>>>
However, Hagstrom thinks it should turn a profit by the first
quarter of 2000. Why the confidence? It's doing a better job
of pricing policies. In fact, when the pricing environment is
very tight, Buffett is known to just stop writing new policies.

Now, here's the beauty about Buffett's insurance operation. If
he has excess capital and doesn't want to write new
policies, he can simply upstream the capital into
non-insurance businesses.

And keep in mind that he has $15 billion in cash to play
with. Buffett has said publicly that he'd love to spend this
kind of money on another acquisition.

Meanwhile, Berkshire trades at just 1.4 times book value.
Insists Hagstrom: 'This is one of the cheapest prices in
the past 10 years.'
>>>
Thanks for the article. Interesting.

IMHO, to borrow the Starship Commander's saying, BRK is a raging buy. Solid company with great long term potential. I only hope that Mr. Market keeps giving us these great prices or better.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News