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Testing the waters

机译:测试水域

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"Be fearful when others are greedy and be greedy when others are fearful." Thus wrote Warren Buffett in the 2006 annual report of Berkshire Hathaway, his holding company. True to his maxim, in the last week of December Mr Buffett splashed out $4.5 billion for a majority stake in Marmon Holdings, an industrial conglomerate, and €300m ($441m) for a reinsurer owned by ing Group of the Netherlands. But his most intriguing investment, announced on December 28th, was his smallest: $105m to fund Berkshire Hathaway Assurance Corporation (bhac), a start-up that will insure bonds issued by American states, cities and counties to finance schools, roads, hospitals and other public projects.
机译:“当别人贪婪时要害怕,而当别人害怕时要贪婪。”沃伦·巴菲特(Warren Buffett)在其控股公司伯克希尔·哈撒韦(Berkshire Hathaway)2006年度报告中写道。按照他的原则,巴菲特在12月的最后一周斥资45亿美元购买了工业集团Marmon Holdings的多数股权,并斥资3亿欧元(合4.41亿美元)收购了荷兰ing Group拥有的再保险公司。但他12月28日宣布的最引人入胜的投资是他最小的一笔投资:1.05亿美元,用于资助伯克希尔·哈撒韦保险公司(bhac),这家初创公司将确保美国各州,城市和县发行的债券能够为学校,道路,医院提供融资和其他公共项目。

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