It does seem that Buffett’s reputation has helped him a lot in acquiring businesses – the access to deal flows is unparalleled.
Buffett is question if climate changes have happened so that the frequency of hurricanes (or other natural disasters) rises, which costs insurance companies a lot more. Berkshire decided to raise prices for those mega-cat policies.
Buffet again showed his dislike for of all sorts of “helpers”.
On succession – “When their abilities ebb, so usually do their powers of self-assessment. Someone else often needs to blow the whistle. ” “If I become a candidate for that message, however, our board will be doing me a favor by
delivering it.”