Filed Under:Risk Management, Loss Control

The Quotable Warren Buffett

NU Online News Service, Feb. 24., 12:00 p.m. EST

Read what Warren Buffett, chief executive officer of Berkshire Hathaway, has to say about his successor, his company’s insurance operations, the economy, and a newspaper-throwing challenge.

BUFFETT ON HIS SUCCESSOR:

"Do not, however, infer from this discussion that Charlie and I are going anywhere; we continue to be in excellent health, and we love what we do."

BUFFETT ON INSURANCE:

"There are a lot of ways to lose money in insurance, and the industry is resourceful in creating new ones."

BUFFETT ON AJIT JAIN:

"Charlie would gladly trade me for a second Ajit. Alas, there is none."

BUFFETT ON GENERAL RE:

“Many insurers pass the first three tests but flunk the fourth.” 

BUFFETT ON GEICO:

“Our lizard has another endearing quality (other than guiding consumers to the GEICO's website for a quote): Unlike human spokesmen or spokeswomen who expensively represent other insurance companies, our little fellow has no agent.”

BUFFETT ON THE HOUSING RECOVERY:

“Last year I told you that ‘a housing recovery will probably begin within a year or so.’ I was dead wrong.”

BUFFETT ON NEWSPAPER-THROWING:

Featured Video

Most Recent Videos

Video Library ››

Top Story

PIA's national president was born to insure

Robert W. Hansen Jr., a fourth-generation insurance professional, reflects on what drives him to keep selling after more than 30 years in the business.

Top Story

Taiwan earthquake collapses two high-rises. Shoddy construction investigated

The Taiwanese government has ordered an investigation into a building's collapse, as images show tin cans built into the walls of the toppled complex.

More Resources

Comments

eNewsletter Sign Up

PropertyCasualty360 Daily eNews

Get P&C insurance news to stay ahead of the competition in one concise format - FREE. Sign Up Now!

Mobile Phone

Advertisement. Closing in 15 seconds.