X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Imagine having your hands in so many industries that it’s possible to point to specific first-hand references when speaking of the nation’s economic condition—right down to the sale of machinery parts.

So it goes with Warren Buffett, the CEO of Berkshire Hathaway. While interviewed on CNBC’s “Squawk Box,” Buffett says he first noticed an economic slowdown when Berkshire’s business of “little tiny punching tools or cutting tools” (called ISCAR Metalworking) fell off, signaling a decline in manufacturing.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?

 

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360
Live Chat

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.