"Too often, however, insurers react to looming loss problems with optimism. They behave like the fellow in a switchblade fight who, after his opponent has taken a mighty swipe at his throat, exclaimed, “You never touched me.” His adversary’s reply: “Just wait until you try to shake your head.” -- Warren Buffett, Letter To Shareholders, Berkshire Hathaway Inc., 2005
No comments:
Post a Comment