As to both Berkshire and Fairfax...

I'm not going to speak from the parent ego state lecturing or insulting anyone here with a description and analysis of float. We are not naive child mindset investors obviously. 50 years of investing, 48 with Berkshire and almost 30 owning Fairfax send me to a simple model as to these businesses.

Basically my rule of thumb is again of very elementary thinking: Either you trust management as to their levels of reserves/underwriting and investing or you don't. In my view both Fairfax and Berkshire are extremely trustworthy as to insurance underwriting over time. Fairfax once made some awful macro bets but those ended long ago. Fairfax invests successfully today.

If you choose to pit one vs the other that's fine but both are well run insurance underwriters.

Berkshire Hathaway FAQ

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