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Strategies & Market Trends : Value Investing

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To: Shane M who wrote (44301)9/11/2011 11:39:41 PM
From: Jurgis Bekepuris  Read Replies (1) of 78601
 
Thanks for your thoughts. I wanted to probe just one thing a bit more. If "P&C is such a tough business" as you say, how come tons of companies show annualized 10-13% book value (and book value per share) growth for 10 years+? This is a good result, isn't it? So what is a good explanation for these results? Is it just "very good" 10 years, i.e. luck/helpful winds, etc? Something else?

Or am I looking too much outside of what you consider P&C business when I make this observation? But even then, why did the expanded universe of P&C + specialty (actually CB is in that expanded universe) + re, would do so well?

Any thoughts or comments welcome.
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