Keith Trauner
Keith Trauner
certain comfort dealing given honest level smart studying
A lot of studying has given us a certain comfort level that we're dealing with smart and honest people.
depth executive talent tremendous within
There's a tremendous depth of talent within Berkshire's executive ranks.
above cannot ceo performance wants
Every CEO wants above-average pay. Obviously, their performance cannot all be above average.
business expects good insurance large sounds tagged
Because he's in the business of insuring catastrophes, Buffett expects to get tagged now and then by a large event. It sounds like things were pretty good if you take out the insurance loss.
maximize quite trying vocal worth
We were quite vocal about trying to maximize value. We thought it was worth a lot more.
absent conditions expect higher large next result terms year
We expect very significantly higher prices, higher deductibles and tighter terms and conditions as a result of Katrina. For the next year or two, underwriting results, absent another large catastrophe, should be very, very strong.