Float: How Insurance Companies Can Leverage Buffett’s Secret to Wealth

In the insurance industry, “other people’s money” is known as float. In a shareholder letter, Warren Buffett once said that float “had cost us nothing and made us money. Therein lies an accounting irony: Though float shows up on our balance sheet as a liability, it has had a value to Berkshire greater than an […]

Learn the art of investing in 30 minutes

Join over 45k+ readers and instantly download the free ebook: 7 Steps to Understanding the Stock Market.

WordPress management provided by OptSus.com