Warren Buffett on surprises in the insurance business

Warren Buffett and Charlie Munger are questioned on Berkshire Hathaway's insurance operations. From the 2000 Berkshire Hathaway annual meeting.
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[@billysoesilo6686]

Does Charlie ever NOT eat...? :-D

[@ipamaj1gt]

Nah - he is very old so he eats like he’s seen no food/candy/fruits.
The dude is gonna die anyway very soon so doesn’t matter loool 😂😹

[@gordongordon98]

Gotta feed that brain son 🧠 :)

[@pongfoong9523]

I know you fun when we try to use gta game tream.

[@gordongordon98]

All your comments suck

[@prasannakumaryr]

Two fraudsters!

[@exoxy]

Care to elaborate?

[@gordongordon98]

You shit the MoneyBed 💰 🛌

[@hotmodelinbikini]

@@exoxy I generally think that these two has done way more good than bad, with at least positive intentions. But capitalism is a way of economy not a way of government. And because human life is so fleeting, it will inevitably lead to corruption. And capitalists will inevitably find ways to take advantage of this corruption as do socialists. Coco Cola destroying the world's water supplies, and preventing people in the 3rd world from accessing drinking water by bribing dictators, and insurance companies that purposeless undermeets the quota of telephone help staff that they lobbied for just to discourage you from claiming. Insurance a crowd funding way of assuring compensation in case of disaster. We can do that via government or crowdfund. Insurance companies that lobbied for the 100% requirement of home and car insurance is in fact a scam. And if you tell me that the system works, let me tell you it only works for 25% of people, which means it more doesn't work than works. This system of survival of the fittest is a system where naked Jews climb on of of each other in order to not fall off the pile and into the abyss might be an accurate depiction of how the world works, but it's also not efficient. If people didn't undermine one another, we'd have more progress. Which is the difference between the civilized us now vs the savage conquerors of the past that withheld education from the masses. Funny how NOW the Chinese is educating their kids with OUR teachings and we're trying to dumb ours down so they can meet our Mcdonalds employee quotas.