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Re: JLS post# 784

Monday, 03/20/2017 9:37:33 PM

Monday, March 20, 2017 9:37:33 PM

Post# of 2124
"So, exactly how does one get more than 3% below that? Even Buffett can't do that."

Because BRK gets much of its funding from FREE (or even negative cost) insurance float. Think of BRK as an insurance company, not merely an investment fund.

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