Buffett’s Bond Success

Karen Richardson reports from the Berkshire Hathaway annual meeting.
Starting up a municipal-bond insurance is as close to a no-brainer as business gets, if Warren Buffett’s experience is any guide.
His new four-month-old municipal-bond insurance business, Berkshire Hathaway Assurance Corp., racked up premium volume in the first quarter of more than $400 million, which Mr. Buffett said wasn’t only bigger than that of its biggest competitor, but possibly more than all of the premium volume of all of its rivals combined.
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Fuente Original

  3 May, 2008| Economy | @ 16:48

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