Relying on insurance is not without its risks as the former Lloyds names found o... | Hacker News

Hacker Newsnew | past | comments | ask | show | jobs | submit

		walshemj on Feb 1, 2017 \| parent \| context \| favorite \| on: “Becoming Warren Buffett,” the Man, Not the Invest... Relying on insurance is not without its risks as the former Lloyds names found out - all it takes is 2 or 3 black swan events and a lot of insurance companies could get wiped out

tim333 on Feb 1, 2017 [–]

Buffett is very conservative with the insuring. He actually took over many of the problem positions of Lloyds at one point.

Consider applying for YC's Summer 2026 batch! Applications are open till May 4
Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact