No. of Recommendations: 2
Very interesting, thank you. Insurance cos are definitely in the too hard pile for me. I'm only invested in Berkshire as I believe in the cult of Buffett (not so convinced after he and AJ have left the building though!) Those 10% returns would easily drop to 5%.
Personally, I try and stick to tech and consumer business models and am looking for compounders in this space. I use them, understand the business models and they have runway if you get them at the right time/ price. They also don't use black boxes or financial engineering in terms of growth or reporting.
