Follow Buffett Reinsurance Guru’s Sage Advice [H/T Linc] (LINK)
When Ajit Jain can’t see value in reinsurance, investors across the industry should worry.
The man who runs Warren Buffett’s reinsurance business told The Wall Street Journal this summer that Berkshire Hathaway would be putting more money into normal commercial and retail insurance instead.
Mr. Jain’s views are almost as influential among reinsurers as Mr. Buffett’s are among investors. There is of course a chance his words could be mischievous: an attempt to influence rivals’ strategies.
But there are profound industry changes afoot that look set to suppress reinsurance rates and returns for years to come.
Teaching Empathy (LINK)
92Y Podcast: 2011 Conversation between Oliver Sacks and Jonathan Weiner (LINK) [There's also a great 2007 conversation with Sacks about his book Musicophilia: Tales of Music and the Brain, AUDIO LINK.]
New images of Pluto (LINK)
Pictures: A World Without Energy [H/T @BillGates] (LINK)