Latest Comments
« Why do you like this?! | Main | Why Didn't Anyone Tell Me about Dropbox Earlier? »

Berkshire Hathaway Inc. Wins World Cup Bet

Berkshire Hathaway (of Warren Buffett fame) had sold insurance that would resulted in a pay-out if France won the World Cup. Now that's an interesting policy underwriting! This was disclosed in an interview with Warren Buffett earlier this year.

Businessweek speculates that the counterparty could be Carrefour SA, Europe’s biggest retailer, as it had a promotion in which customers buying flat-screen televisions would have been reimbursed if France won the tournament.

Source: Buffett Wins World Cup Bet as France Falls to Host []

References (1)

References allow you to track sources for this article, as well as articles that were written in response to this article.

Reader Comments

There are no comments for this journal entry. To create a new comment, use the form below.

PostPost a New Comment

Enter your information below to add a new comment.

My response is on my own website »
Author Email (optional):
Author URL (optional):
Some HTML allowed: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <code> <em> <i> <strike> <strong>