Subject: Re: “Big Short” bet against BRK
The new capital rules may actually help BRK.

Lots of new capital has rushed in as private equity and hedge funds have sought "permanent capital" by buying insurance companies for their float. This has softened the insurance/reinsurance markets. Maybe this will reverse and harden the markets again. This may provide BRK the opportunity to underwrite more risk and also acquire the "bonnie babies" dumped with the bath water. I hope Ajit Jain is around for a few more years for a last hurrah.