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Warren Buffett Explains How A $7 Billion Liability Is Better Than Equity (1996 Q11 pm)
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Warren Buffett answers a question at the 1996 Berkshire Hathaway annual meeting about insurance float. Float is the money BRK holds until it is earned or paid out and can invest in the meantime.
#berkshirehathway #insurance #float
#berkshirehathway #insurance #float
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