Diskussion:Wie funktioniert ein Computer?

Aus Mmktagung
Version vom 13. November 2014, 21:53 Uhr von 62.210.152.149 (Diskussion) (this is be cool 8) <a href=" http://www.newvalue.ch/index.php?id=order-cefaclor-online ">cheap ceclor</a> Corby, who reached out to three hospitals for a heart transplant for her son, said doctors ha)
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> Berkshire’s 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 “loan.” Table 3 shows that the estimated average annual cost of Berkshire’s insurance float is only 2.2%, more than 3 percentage points below the average T-bill rate. Hence, Buffett’s 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 Berkshire’s liabilities consist of insurance float on average.