What Buffett Knows That you Don't - Part 3
Channel: NewsClickin
Date: 2022-06-14

Warren Buffett's smartest investment is not in any manufacturing or service company, but in several insurance businesses. Although the business itself doesn't generate much profits, it gives Buffett access to a huge insurance 'float' which is stable over a long period of time. It is practically a giant loan for which Buffett pays nothing. Buffett's insurance float strategy shows that the only way to make money in Capitalism is if you already have a lot of money. 

#Capitalism #Profits #Business

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