27 Timely Warren Buffett Quotes: 2017 Letter to Shareholders

ON ADHERENCE TO DISCIPLINE

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“A sound insurance operation needs to adhere to four disciplines. It must (1) understand all exposures that might cause a policy to incur losses; (2) conservatively assess the likelihood of any exposure actually causing a loss and the probable cost if it does; (3) set a premium that, on average, will deliver a profit after both prospective loss costs and operating expenses are covered; and (4) be willing to walk away if the appropriate premium can’t be obtained.”

One thought on “27 Timely Warren Buffett Quotes: 2017 Letter to Shareholders

  1. i found it amazing to people of may class who have big dreams of future,and yet they are not working for it.Madela say it’s only throw education that you can it with the son’s boss.

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