The Digest #225
A Dangerous Interregnum, Trump's Energy Policy, Damodaran on ESG, Buffett in 1970, Inflation's Role in Trump's Victory, Taxes in Retirement, James J. Hill, IKEA, F. A. Hayek, Shakespeare ...
Berkshire’s Ajit Jain Comments on Indian Insurance Market, Japan, and Succession Issues
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 ...
Swiss Re Estimates $1.2 Billion Pre-Tax Loss From Japan Disasters
Swiss Re has projected claims costs of $1.2 billion net of retrocession and before taxes due to the disasters in Japan. The company emphasizes that a great deal of uncertainty remains due to the difficult situations that still exist in ...
How Should Investors Assess Worst Case Scenarios in Japan?
"At Oaktree, we believe that because there’s so much we can’t know about the future, we should invest only where our analysis tells us the worst case is tolerable." -- Howard Marks, memo to clients (pdf) dated March 11, 2003 ...
Stephen Roach on China, Japan, and India
The Economist interviewed Stephen Roach, Chairman of Morgan Stanley Asia. In the interview, Mr. Roach comments on the need for China to increase domestic consumption which is a step that many have recommended in recent years. In order to accomplish ...