alt Hacker NewsBuffett invested in boring industries like insurance. As unexciting as it is, businesses like that basically are the invisible infrastructure that makes society work smoothly.
Don't misunderstand flashy at the only way to be important.
Buffett invested in boring industries like insurance. As unexciting as it is, businesses like that basically are the invisible infrastructure that makes society work smoothly.
Don't misunderstand flashy at the only way to be important.
Which kind of investment was it though?
* An investment that makes something possible that otherwise wouldn’t happen. Like the US investing in NASA
* Investment that is not consequential in the big scheme except it makes people money.
Did his insurance investments keep some companies alive?