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A Message From Warren E. Buffett, CEO of Berkshire Hathaway Inc.
Investment gains in 2014 were partially offset by a third quarter after-tax other-than-temporary impairment charge of $441 million related to our investment in Tesco PLC common stock.
I used GEICO for years, on the advice of Uncle Warren, untilI discovered a little secret: its not hard to beat GEICO's prices and save money elsewhere. In the regionsI have lived over the past 12 years, GEICO was far from the cheapest insurance carrier (for a fixed level of coverage, etc.). And nothing beats being able to walk into an agent's office and talk to a real person face-to-face, avoid those annoying phone trees, etc.
I'll add a quick insight about Borsheim's. I did a scan of Borsheim's prices for jewelry items I know something about (Swiss watches). Its not hard at all to beat Borsheim's prices, either.
Investment gains in 2014 were partially offset by a third quarter after-tax other-than-temporary impairment charge of $441 million related to our investment in Tesco PLC common stock.
Tesco has a somewhat similar thesis to Sears and I think you'll hear more of it soon. They're a huge owner of land.
Tesco is Europe's biggest property company, effectively:
Concur in this Geico take, and especially so if willing not to need agent face time. Costco Ameriprise (probably also true if direct, not via Costco) is amazingly inexpensive, even moreso if you bundle house and liability umbrella. Two older drivers, 07 and 10 cars, Boston suburb, good coverage, less than $800 for both. I remember in Mass. when it used to be like $2k-$3k even decades ago.
Comments
Regards,
Ted
http://news.morningstar.com/articlenet/article.aspx?id=672930
http://www.independent.co.uk/news/business/warren-buffett-tesco-losses-take-millions-off-berkshire-hathaway-earnings-9848441.html
I'll add a quick insight about Borsheim's. I did a scan of Borsheim's prices for jewelry items I know something about (Swiss watches). Its not hard at all to beat Borsheim's prices, either.
Tesco is Europe's biggest property company, effectively:
http://www.telegraph.co.uk/finance/migrationtemp/2807681/Tesco-Europes-biggest-property-company.html