Agloco Potential

Agloco Potential

With opportunity generally comes risk. The 2005 hurricane season was the most costly ever for big insurance companies, who racked up many billions of dollars in underwriting losses. What’s more, scientists, global warming activists and others were predicting it would only get worse. Nearly all insurance companies reduced their exposure to hurricane-prone regions, but Warren Buffett’s Berkshire Hathaway increased its exposure to hurricane prone regions. Many analysts (none of whom have amassed $40 billion personal net worth) thought Buffett (who has amassed $40 billion personal net worth) was nuts. And when the 2006 hurricane season was unusually mild, Berkshire Hathaway posted the largest annual book value increase of any company ever, thanks to record insurance underwriting profits. You can find Berkshire Hathaway’s annual reports for 2005 and 2006 at www.berkshirehathaway.com to see for yourself that Buffett did weigh seriously the predictions of scientists and others regarding future hurricane risks. Then he made a rational decision about the risk and reward potential of insuring hurricane-related damages.

What does Warren Buffett and insurance have to do with AGLOCO? AGLOCO represents an opportunity that comes with risks. Make an honest effort to understand both the opportunity and the risks, THEN make your decision about how much or how little effort to invest in AGLOCO, and you’ll be doing just what one of the world’s wealthiest people has done all his life to get to where he is.

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