The reasons for buying insurance

Warren Buffett explains the reasons for buying insurance at the 1995 Berkshire Hathaway annual meeting.
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[@billyblack3816]

Thank you!

[@moheuddinsehab]

Damn this man is a genius

[@tomlxyz]

You're a genius

[@InvestingBookSummaries]

Nice points

[@tomlxyz]

@A R no

[@gordongordon98]

@Aryan Thakur no

[@ronniedelahoussayechauvin6717]

I'm still questioning some Accord Insurance Documents I came accross, No help! Frauds

[@glizzforman8094]

Wym?

[@thenon-gaapbillionaire3306]

Buffet doesn't buy insurance. Buffet sells insurance. That's why he has a pile of cash.

[@ChaceBonanno]

Yeah Berkshire’s insurance companies don’t buy reinsurance like their competitors

[@dragaashenoak5338]

@@ChaceBonanno Maybe it's because of the conglomeration of Berkshire Hathaway. GEICO already could share risk with the conglomeration cash so using reinsurance would be an unnecessary expense.

[@abitamimbharmal1498]

@@dragaashenoak5338 Berkshire actually serves as a reinsurer. The part about cash is true - the large amount of cash also means that Berkshire's insurance businesses can invest in equities rather than being forced by law to buy low yielding bonds.

[@PoKeKidMPK1]

2:28

[@jeffsievert9693]

Insurance in case that jacket burns in a fire or gets left at an airport then given to Tyrone
Biggums which I hope happens
My man is so Good he try's all kinds of things out I believe .