The insurance business: Why Warren Buffett loves it and why you should too

[Anonymous No.1565090]

So why invest in the insurance business?
>It's called the 'float' and it's the money on hand collected from customers in insurance premiums not paid out in claims.
>Insurance companies use the float to earn investment income.
>It's essentially like having an interest free loan available to invest and make acquisitions.
>The float has provided Berkshire Hathaway a war chest to use for investing in and acquiring other businesses.
>Add Buffett's stock picking genius to the ability to finance investments through insurance companies and you can start to understand Berkshire Hathaway's remarkable success.