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Strategies & Market Trends : Buffettology
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To: Michael & B.Anne who wrote (1512)5/23/1999 10:35:00 AM
From: Daniel Chisholm  Read Replies (1) of 4691
 
Re: d) requirement to sell off dollar value of float received for the year prior to last trading day of the year - to pay for demands against the float.

Is this realistic? In a real insurance operation, don't you get to (statistically) keep more or less rolling over the float forever? I.e., one doesn't need to pay it off, so long as your underwriting is good and your business doesn't shrink?

- Daniel

P.S. I agree with "keeping it simple". Perhaps the Monday launch could be delayed, so we can come up with some incredibly simple rules that don't make a lot of work for Fred (none would be best!), and yet promote the full spirit of what we're trying to measure?

P.P.S. an interesting "thought experiment" I found myself wondering about, if our picks here are not what we ourselves are actually investing in in our own portfolios, how should we deal with that? What does it tell us?
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