One of my heroes in the investment industry is Warren Buffett. His brainchild, Berkshire Hathaway (NYSE: BRK-A)(NYSE: BRK-B), is one of the 50-plus companies in my family’s investment portfolio. We’ve owned Berkshire shares since August 2011, and I shared my investment thesis on the company recently in The Good Investors.
In my Berkshire thesis, I discussed the fantastic track record of profitability that the company’s insurance subsidiaries have produced over the years. I shared that the track record is the result of Buffett’s unique mindset in managing the insurance subsidiaries:
“Next, Buffett also does not push for short-term gains at the expense of Berkshire’s long-term business health. A great example can be seen in Berkshire’s excellent track record in the insurance industry: Its property and casualty (P/C) insurance business has recorded an underwriting profit for 15 of the past 16 years through to 2018. In contrast, the P/C industry as
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