Warren Buffett Gives a Lesson on the Insurance Business

Warren Buffett and Charlie Munger speaking at the 2004 Berkshire Hathaway annual meeting.

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[HarryJoiner]

5:31 — “If you get a culture of writing bad business, it’s almost impossible to get rid of.” That’s genius.

[geekoholic]

He's just about the best teacher in the world

[Value_Pilgrim]

Deep and meaningful insights. Unfortunately most investors do not own controlled businesses. We depend on good CEOs and therefore we never know performance measurements and its implications on incentive caused bias.

[LoganMcNay]

Mm yes, I have no clue what he's really saying but I'm watching

[shellywhite]

I am new to the stock market. Every stock that I bought so far, I was out of luck because I bought them when they were expensive. I feel I missed out on all the stock opportunities so far for the tech stocks. I believe having 175K yearly income would be a good investment so I want to plug all my savings into the stock market. I know this sounds a bit dull but I would like to know if I should learn investing or let somebody else (more capable like a FA) do it for me? Please share your thoughts. I am kind of tired of searching for a good stock to buy and losing all the good opportunities

[james-sksi]

Excellent video about how to run a successful business

[gabrielnadar]

Most important thing for retail investors to note is that Warren did not bought stocks from stocks exchanges he bought directly from the owner/promoter of the company.

[foxbat]

If you can run a tight ship then you can ride the supply and demand curves of the insurance sector without losing any of your crew

[mohammedelkhalil]

Well recently all GEICO offices shut down in Cali

[supamatta]

Insurances lost there float in 2014 with the oil crash for sure! Hopefully thats whats liquidating the markets!? So we can get this 6 year late singularity going.

[jimwerther]

This video could have been 1 minute instead of 9 1/2 and would have done the job.