Monday, May 7, 2007

Catastrophe reinsurance buffeted by hurricanes, global warming

Warren Buffett's AGM is described as "Woodstock for capitalists" by NPR.org. In a neat, closed economy, his investors have the opportunity to buy the products of the thousands of companies Berkshire Hathaway invest in. The guy knows how to make money, so his words on future reinsurance rates are worth hearing. As are those of his vice chairman, Charlie Munger, on counter-productive

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