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No. of Recommendations: 1
I got my $780 and reduced this to 3.25%. I like the insurance business model of FFH.TO, BRK and MKL. They have a good underwriting history of free float which seems key. Past performance is no guarantee of future results but the model seems sound and resonates with me. I trust Buffett when he says no other insurer could handle a big disaster as well as BRK so while I want a lot of exposure to this business model I will overweight the one I consider to be more of a sure thing. I like it, just want to diversify a bit even if it turns out to be diworsifying.
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