Making money for shareholders

Document description

This paper resulted from a suggestion that there were some lessons to be learned from the financial performance over nearly 30 years of the US insurance and investment company Berkshire Hathaway. To form the basis of a useful workshop discussion, we have attempted to cover the subject more fully than just one success story. We intentionally take a simplified, even naive, view. Is insurance worth investing long term money in and, if so, in what circumstances?