How Warren Buffett Built His Empire – Forbes 1990 — Part Two: Arbitrage PlaysRupert Hargreaves
Continued from part one.
Ironically, back in the late 80s early 90s, Warren Buffett wasn't a fan of the insurance sector. During 1990, he commented, "Sometimes it's a good business--and that's not very often--and sometimes it's a terrible business,." Berkshire Hathaway's insurance group experienced an average after-tax underwriting loss of $17 million a year from 1986 to 1988 . . .
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