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Warren Buffett's Berkshire Hathaway (BRK.A) Hits The $224 Million Florida Jackpot

By arbitragecorner on Wed, 2009-01-14 07:31
(via www.streetinsider.com)

Warren Buffett’s Berkshire Hathaway (NYSE: BRK.A) won a $224 million bet that Florida would escape major damage from hurricanes this season. A few years ago, when hurricanes did hit the gulf coast, Berkshire's bets were not profitable that year.