０円で手にする金融知識 （なるべく）http://fanblogs.jp/katsuochallenge/ブログを通して金融・保険・教育に関する疑問についてネットを中心に『なるべくお金をかけずに』調べ、公開していこうと思います。記事の転載は出典を明記して頂ければ自由です。 ( Copyright (c) 2014 Katsuochallenge All Rights Reserved. ）jahttp://fanblogs.jp/katsuochallenge/archive/55/0バフェットの手紙 2014 （２８）Tad has observed all four of the insurance commandments, and it shows in his results. General Re’s huge float has been better than cost-free under his leadership, and we expect that, on average, to continue. We are particularly enthusiastic..バークシャー・ハサウェイかつお君2014-09-04T05:51:41+09:00http://fanblogs.jp/katsuochallenge/archive/54/0今日気になった記事CNBChttp://www.cnbc.com/id/100746255?region=world・ Japan nationwide core CPI rises 3.3% in July （日本の７月全国CPIは3.3%上昇）・ Asia stocks fall on Ukraine tensions ; Japan data in focus （アジア株下落 ウクライナの緊張受け ； 日本のデータが焦点）・ India Inc on borrowing spree as..ビジネスかつお君2014-08-29T11:41:02+09:00http://fanblogs.jp/katsuochallenge/archive/53/0バフェットの手紙 2014 （２７）Many insurers pass the first three tests and flunk the fourth. They simply can’t turn their back on business that is being eagerly written by their competitors. That old line, “The other guy is doing it, so we must as well,” spells trouble ..バークシャー・ハサウェイかつお君2014-08-29T11:34:29+09:00http://fanblogs.jp/katsuochallenge/archive/52/0リンク紹介各駅ホテル紹介http://fanblogs.jp/smahotel/女性向け、エリア・化粧品情報http://fanblogs.jp/hanabidate/引越しや紹介https://sites.google.com/site/ikurahikkosi/（カテゴリなし）かつお君2014-08-29T09:43:46+09:00http://fanblogs.jp/katsuochallenge/archive/51/0今日気になった記事CNBChttp://www.cnbc.com/id/100746255?region=worldKim Doctom : a threat to the wiki dollar ?ニュージーのネット企業家と選挙とマオリのはなしKorea builds on next wave of HallyuLVMH , SAMSUNG子会社がPsyのYG事務所とカラんでpopカルチャービジネス進めるみたいなはなしAre the world's cars on the cusp of g..ビジネスかつお君2014-08-28T13:49:49+09:00http://fanblogs.jp/katsuochallenge/archive/50/0ソロスのアルゼンチン国債への投資がロンドンでの訴訟で明らかにBy Katia Porzecanski and Camila Russo Aug 27, 2014 6:18 AM GMT+0900出典 ： BLOOMBERGhttp://www.bloomberg.com/news/2014-08-26/soros-s-bond-bet-revealed-in-lawsuit-in-london-argentina-credit.html 【ソロスのアルゼンチン国債への投資がロンドンでの訴訟で明らかに】Less than a mo..ビジネスかつお君2014-08-27T11:17:51+09:00http://fanblogs.jp/katsuochallenge/archive/49/0バフェットの手紙 2014 （２６）We have another reinsurance powerhouse in General Re, managed by Tad Montross.At bottom, a sound insurance operation needs to adhere to four disciplines. It must (1) understand all exposures that might cause a policy to incur losses; (2) co..バークシャー・ハサウェイかつお君2014-08-26T16:38:16+09:00http://fanblogs.jp/katsuochallenge/archive/48/0バフェットの手紙 2014 （２５）BHSI is led by Peter Eastwood, an experienced underwriter who is widely respected in the insurance world. Peter has assembled a spectacular team that is already writing a substantial amount of business with many Fortune 500 companies and wi..バークシャー・ハサウェイかつお君2014-08-14T10:04:43+09:00http://fanblogs.jp/katsuochallenge/archive/47/0バフェットの手紙 2014 （２４）One venture materialized last June when he formed Berkshire Hathaway Specialty Insurance (“BHSI”). This initiative took us into commercial insurance, where we were instantly accepted by both major insurance brokers and corporate risk manage..バークシャー・ハサウェイかつお君2014-08-10T11:29:33+09:00http://fanblogs.jp/katsuochallenge/archive/46/0バークシャー、6月以来最大となる当日の債券販売数で市場をリードBerkshire Leads Most Daily Bond Sales in U.S. Since Juneバークシャー、6月以来最大となる当日の債券販売数で市場をリードBy Adam Janofsky Aug 8, 2014 7:34 AM GMT+0900 出典： BLOOMBERGhttp://www.bloomberg.com/news/2014-08-07/berkshire-leads-most-daily-bond-sales-in-u-s-since-j..バークシャー・ハサウェイかつお君2014-08-08T11:33:44+09:00http://fanblogs.jp/katsuochallenge/archive/45/0バフェットの手紙 2014 （２３）Berkshire’s attractive insurance economics exist only because we have some terrific managers running disciplined operations that possess strong, hard-to-replicate business models. Let me tell you about the major units.First by float size is..バークシャー・ハサウェイかつお君2014-08-08T10:27:18+09:00http://fanblogs.jp/katsuochallenge/archive/44/0Stand Ready to Buy on Weakness, Say Strategists by BLOOMBERGStand Ready to Buy on Weakness, Say StrategistsBy Adam Johnson Aug 6, 2014 1:30 AM GMT+0900 出典： http://www.bloomberg.com/news/2014-08-05/stand-ready-to-buy-on-weakness-say-strategists.htmlThree strategists in 24 hours have all offered stri..ビジネスかつお君2014-08-07T11:04:02+09:00http://fanblogs.jp/katsuochallenge/archive/43/0バフェットの手紙 2014 （２２） （8ページ 6段落目?）Fortunately, that does not describe Berkshire. Charlie and I believe the true economic value of our insurance goodwill – what we would happily pay to purchase an insurance operation possessing float of similar quality to that we have – to b..バークシャー・ハサウェイかつお君2014-08-07T10:44:42+09:00http://fanblogs.jp/katsuochallenge/archive/42/0バフェットの手紙 2014 （２１）So how does our float affect intrinsic value? When Berkshire’s book value is calculated, the full amount of our float is deducted as a liability, just as if we had to pay it out tomorrow and could not replenish it. But to think of float as ..バークシャー・ハサウェイかつお君2014-08-06T10:59:12+09:00http://fanblogs.jp/katsuochallenge/archive/41/0バフェットの手紙 2014 （２０）If our premiums exceed the total of our expenses and eventual losses, we register an underwriting profit that adds to the investment income our float produces. When such a profit is earned, we enjoy the use of free money – and, better yet, ..バークシャー・ハサウェイかつお君2014-08-05T10:26:06+09:00
