Post #9303 by nola622 on the Berkshire Hathaway board

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Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A) ❤

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In defense of dealraker, he is the only one I know who has been recommending the insurance brokers - specifically AJG and BRO for decades. At least since the turn of the millennium when I started listening. These have proven to be some of the absolute best businesses in the world, benefit from inflation, and have what Warren likes to call a royalty on an entire industry without assuming underwriting risk, many of which are required to be purchased by law or lender.

Buffett has said at least once that the brokers are the better business when discussing risk bearing insurers. He just wanted the float to invest and didn't feel he could own both.

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