Whether you love them or hate them, insurance brokers are a permanent part of the financial services landscape. The business is by no means glamorous but does present an opportunity for the long-term investor. Continue reading
My how times have changed! Anything which generates cash flows can be structured as an investment. Bridges, rail roads, toll roads, et cetera, all of these represent investment opportunities!
Warren Buffett’s Berkshire Hathaway wrote its biggest check – a whopping $37B including debt – in history last week with a deal to acquire industrial parts maker Precision Castparts. This deal is another step in what looks, to me, like a deliberate strategy to remake Berkshire into a more industrially focused business as opposed to its current form known for its massive insurance operations and equally massive stock portfolio.