"It's not an easy business," Buffett told shareholders at the Berkshire Hathaway annual meeting. "The success of the auto companies getting into the insurance business is probably as likely as the success of the insurance companies getting into the auto business."that Tesla would be launching its own insurance product later in May.
About one third of Berkshire Hathaway's business is in the insurance space and that includes Geico. Before the annual meeting on Saturday, Buffett said Geico's value has risen more than
Or companies that rely on subsidies to exist...get off the nipple first, Elon. Tesla elonmusk
Who would thinks: phone calls can be made without wire, phone can be made without keyboard, shopping can be done without leave your sofa, payment can be made without cash or card, rocket can return earth and used again.... so car insurance can be done by car maker
As a car guy, I hate to say this — but Buffett’s right.
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Source: CNBC - 🏆 12. / 72 Read more »