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巴菲特:Because keeping it low- cost, you know, that is the big end of the game.
因为保持低成本,你知道,那是游戏的重头戏。

Anybody can generate float. I mean, if we gave our managers a goal of generating 5 billion of float next year, they could do it in a minute, you know, and we would be paying the price for decades to come.
任何人都可以产生浮动资金。我的意思是,如果我们给我们的经理设定一个目标,明年产生50亿的浮动资金,他们可以在一分钟内做到,你知道的,而我们将为此付出数十年的代价。

You can write dumb insurance policies, you know. There’s an unlimited market for dumb insurance policies. And they’re very pleasant, because the first day the premium comes in and that’s the last time you see any new money. From then on, it’s all going out. And that’s not our aim in life.
你知道,你可以写一些愚蠢的保险政策。愚蠢的保险政策有一个无限的市场。而且它们非常愉快,因为第一天保费进账后,你再也看不到任何新的钱了。从那时起,所有的钱都会流出去。而这并不是我们生活的目标。