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Re:Warren Buffett calls insurance Berkshire Hathaway's most ... by ggm on Sunday October 22, 2017 @07:23PM (#15529600)
I think whats interesting is the role of insurance in economics going back to the fourteenth century or earlier.

Trade demanded ship insurance. Risk capital was locked up behind usury laws (can't lend money and be a good christian, and we killed or expelled all the jews so thats a ... bit of a problem right there..) but insurance for profit at end was legal. The whole UK debt finance from life expectancy, actuarial tables, the long-term rate of insurance as a cost..

Maybe Buffet is just looking into deep economic time and deciding he can live with backing a form of capital investment which pays back over the 100+ year model.

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Re:Warren Buffett calls insurance Berkshire Hathaway's most ... by thirdinline on Monday October 23, 2017 @07:05AM (#15532220)
That is interesting, where did you learn about the longer term history of insurance? It sounds like it would make a good book.
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Re:Warren Buffett calls insurance Berkshire Hathaway's most ... by HeyLaughingBoy on Monday October 23, 2017 @05:48PM (#15537206)
Well, here's the first result for "books on the history of insurance"

https://play.google.com/books/reader?id=kkiFKCO5BAgC&printse...

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