“Buffett trusts me so much with Berkshire’s money that I am even more careful in handling Berkshire capital than in handling my own.” — Bruce Whitman, former CEO of FlightSafety International Trust takes a long period of time to fully
In a very rare video interview, Ajit Jain sat down with New Delhi Television earlier this week and commented on a variety of subjects including the most important aspect of his job at Berkshire Hathaway: How to intelligently think about risk. Read this post for a link to the video and some commentary.
In a very unusual statement, Berkshire Hathaway Chairman and CEO Warren Buffett has revealed that Berkshire’s board of directors would almost certainly support Ajit Jain as the company’s next CEO if he wanted the position. However, Mr. Jain is apparently not interested in the position. Read this article for more details.
The Times of India has published a rare interview with Ajit Jain which coincides with Warren Buffett’s arrival in Bangalore today. Mr. Buffett’s trip to India coincides with the company’s entry into the Indian auto insurance industry through Berkshireinsurance.com, a majority owned subsidiary that has a direct sales strategy similar to Berkshire’s GEICO division. Read this article for more details.
France was eliminated from the World Cup today after losing to South Africa. This was welcome news in Omaha given Berkshire Hathaway’s $30 million exposure to a French victory in the World Cup. Warren Buffett discussed the unusual bet in an interview with CNBC on March 1. Ajit Jain, who specializes in writing insurance for unusual risks, was credited with underwriting the policy. The purchaser of the policy was not disclosed. Read this article for more details.