Warren Buffett: insurance underwriting was the swing factor in Q1 earnings; has been a wonderful period for Geico as competitors cut back on new business - investor day comments
- Berkshire is an investor in four airlines and is betting on the industry; price competition is a risk
- Thought IBM would have done better over the last 6 years
- Google business of selling clicks to advertisers with little cost is a good business
- Hard to know how much price competition will come into a business like cloud services; Bezos has delivered a remarkable business achievement with Amazon