Message Font: Serif | Sans-Serif
No. of Recommendations: 1
I don't know the particulars of the deals, but historically they have
behaved more or less as an insurance industry investment bank.
They buy things with attractive prices, run them competently, and then
are happy to sell them if they get what they think is an attractive price.
It's this trading knack that historically gave them a better than usual book growth rate.
(the last year has been almost perfectly flat though).
It may be just a slightly higher rate of churn than usual, perhaps because
there is more variation in valuation opinions than usual?

Print the post  


What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.