Compound248 💰(@compound248):“Your job is to say ‘no.’” - Ajit Jain, $BRK’s insurance chief “It is very difficult to recruit people to sit back and do nothing. “You will get bombarded with deals, day in and day out. Your base case is, ‘just say no.’ “Every now and then, you will come across a deal that will hit you with a 2x4 and it will be screaming money. “That’s when you come to me.” Ajit and Greg note that insurance, investing, and capital allocation all share this trait. Personally, I am not worried that Berkshire will lack wisdom or lose its way - I look forward to seeing what comes next.

2026.05.03 14:04

“Your job is to say ‘no.’” - Ajit Jain, $BRK’s insurance chief “It is very difficult to recruit people to sit back and do nothing. “You will get bombarded with deals, day in and day out. Your base case is, ‘just say no.’ “Every now and then, you will come across a deal that will hit you with a 2x4 and it will be screaming money. “That’s when you come to me.” Ajit and Greg note that insurance, investing, and capital allocation all share this trait. Personally, I am not worried that Berkshire will lack wisdom or lose its way - I look forward to seeing what comes next.