Part of me worries about describing something in that fashion because plausibly there is someone out there who doesn’t read these but should, but I think likely greatly outnumbered by people who stabbed the link at the word “letter”
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My favorite part so far: Disciplined risk evaluation is the daily focus of our insurance managers, who know that the rewards of float can be drowned by poor underwriting results. All insurers give that message lip service. At Berkshire it is a religion, Old Testament style.
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Missed the part about how that was the insurer of Librizol that was owned by them as well last the company. Lol.
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