by Bloomberg News
PASADENA, Calif. (Bloomberg)—Berkshire Hathaway Inc.’s Charles Munger, who has helped
Chairman Warren Buffett reduce the firm’s reliance on insurance sales, said declines in policy
prices may continue, even as the economy shows signs of recovery.
“I would not bet the farm” on price increases, Mr. Munger said Wednesday in Pasadena, Calif.,
at a shareholders’ meeting of Berkshire’s Wesco Financial Corp. “It’s so easy to underprice and
under-reserve.”
