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Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A) ❤
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Author: rayvt ✧🐝  😊 😞
Number: of 15062 
Subject: Re: Hurricane Idalia and FL reinsurance
Date: 08/30/2023 1:57 PM
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No. of Recommendations: 5
'Didn't Ajit write a big reinsurance policy for Florida, hoping/thinking there would not be a big storm in Florida this year?

Not sure that was the greatest idea.'

Ajit is so disciplined and has made us dozens of billions over the years with his mind and assessment of risk, combined with WEB's judgement. This decision may not work out, but I for one will not 2nd guess Ajit. I recall WEB took all of a minute to say 'Go for it' when Ajit called and felt the pricing became more favorable.

"You can't judge the correctness of a decision from the outcome. This is a concept that many people find nonsensical. But good decisions fail to work all the time ' just as bad ones lead to success ' simply because it's so hard to predict which alternate history will materialize.
... A good decision is one that's optimal at the time it's made, when the future is by definition unknown. Thus correct decisions are often unsuccessful, and vice versa." -- Howard Marks of Oaktree Capital http://www.oaktreecapital.com/memo.aspx
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