No. of Recommendations: 1
I think people are looking at the recent Buffet moves and extrapolating it over his entire career. Go back and look at exactly what Buffet invested in his partnership days and early on. Its a very different investment philosophy than today.

An insurance business is great if you can invest better than the market or if you can manage risk better than the others.

I have a ton of respect for Uncle Warren but I don't invest like him today.
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