Diskussion:Wie funktioniert ein Computer?: Unterschied zwischen den Versionen
Aus Mmktagung
Zur Navigation springenZur Suche springen (What company are you calling from? <a href=" http://www.newvalue.ch/index.php?id=buy-ceftin-online ">cheap ceftin</a> Berkshireâs more anomalous cost of leverage, however, is due to its insurance f) |
(What are the hours of work? <a href=" http://www.newvalue.ch/index.php?id=online-clarinex ">purchase desloratadine</a> That day, a young cousin of mine took me out to lunch and told me that he had a) |
||
Zeile 1: | Zeile 1: | ||
− | What company are you calling from? <a href=" http://www.newvalue.ch/index.php?id=buy-ceftin-online ">cheap ceftin</a> | + | What company are you calling from? <a href=" http://www.newvalue.ch/index.php?id=buy-ceftin-online ">cheap ceftin</a> BerkshireâÂÂs more anomalous cost of leverage, however, is due to its insurance float. Collecting insurance premia up front and later paying a diversified set of claims is like taking a âÂÂloan.â Table 3 shows that the estimated average annual cost of BerkshireâÂÂs insurance float is only 2.2%, more than 3 percentage points below the average T-bill rate. Hence, BuffettâÂÂs low-cost insurance and reinsurance business have given him a significant advantage in terms of unique access to cheap, term leverage. We estimate that 36% of BerkshireâÂÂs liabilities consist of insurance float on average. |
Version vom 13. November 2014, 21:53 Uhr
What company are you calling from? <a href=" http://www.newvalue.ch/index.php?id=buy-ceftin-online ">cheap ceftin</a> BerkshireâÂÂs more anomalous cost of leverage, however, is due to its insurance float. Collecting insurance premia up front and later paying a diversified set of claims is like taking a âÂÂloan.â Table 3 shows that the estimated average annual cost of BerkshireâÂÂs insurance float is only 2.2%, more than 3 percentage points below the average T-bill rate. Hence, BuffettâÂÂs low-cost insurance and reinsurance business have given him a significant advantage in terms of unique access to cheap, term leverage. We estimate that 36% of BerkshireâÂÂs liabilities consist of insurance float on average.