Forget Berkshire Hathaway, Buy This Magnificent Insurance Stock Instead

Throughout history, there has almost never been a bad time to buy shares of Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B). The company, led by legendary investor Warren Buffett, has simply been one of the best investments of all time.However, now valued at nearly $1 trillion, Berkshire isn't the same company it used to be. The future is still very bright, but there are other similar options investors should strongly consider. Even Buffett agrees with this. Over the past 12 months, he's plowed billions of dollars into a company with a lot of similarities to Berkshire.At the core of Berkshire's empire is a portfolio of insurance companies. These businesses have been the foundation of Buffett's investment strategy for decades. The value of operating an insurance company is that you regularly have investable cash available. That's because insurance providers collect cash whenever a policy premium is paid, but they only have to pay out that cash when a claim is filed. In the interim, they get to keep the capital free of interest. Industry experts call these interest-free capital "float."Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool