There is a regulatory advantage to go with the value investing and a great business structure.
Suspect very different model required now that rates are circa 5%. Probably a better less risky business.
I am intrigued if regulators let Berkshire continue to operate that way when Warren passes on. My bet would be no
In many respects the Salomon Brothers Treasury Auction scandal affected Berkshire's policy on Treasuries and positively reinforced Buffett's reputation in Regulator's eyes in general when he stepped in as CEO during that crisis.
Suspect very different model required now that rates are circa 5%. Probably a better less risky business.
I am intrigued if regulators let Berkshire continue to operate that way when Warren passes on. My bet would be no
In many respects the Salomon Brothers Treasury Auction scandal affected Berkshire's policy on Treasuries and positively reinforced Buffett's reputation in Regulator's eyes in general when he stepped in as CEO during that crisis.