You see friends, family and perhaps yourself worrying about health, property, or cars. What do they rely on to eliminate those worries? Insurance.
If you’re reading this, you are probably covered by some sort of insurance. Houses and cars in Singapore are the only two entities wherein insurance is a necessity. It’s a business that has existed for thousands of years and will continue to do so for a very long time.
Those well-read on Warren Buffett’s investments and his strategies know all too well that Berkshire Hathaway’s insurance companies are one of the main engines of growth that made him billions. It’s Berkshire’s insurance “float” that gave Buffett the firepower to invest in large amounts in other companies, which then generated huge returns on investment for Berkshire.
Have you then wondered: If so many people around me are insured, and if Warren Buffett made his billions by buying up ......