Warren Buffett decided to invest in his own insurance companies, but first, he had to decided how much coverage he would have and what it should cost him. He decided to visit one of his good friends that was already running an insurance company to see if he could learn more about the importance of the business structure. This would make the start of his business much more successful if he could get more insight from someone who studied the subject of business before he did. Although Warren Buffett invested in Geico Insurance Company, he still had a dream to have his own.
As a result of Buffett working hard to write all of his business plan, Buffett decided to make sure that all of his elements are covered. Buffett figured out that this would save money for his own family. He ended up starting National Indemnity Company in 1867.
Warren knew that his plans to save money by providing the necessities that his family needed, he would end up saving money. Buffett taught his son the value of a dollar, and he does thank his wife who helps his son stay focused on what he needs to be focused on. Warren Buffett is pulling in great numbers.
Warren Buffett loves the fact that his wife doesn’t like to argue about decisions he has made in the business unless it causes them to lose money. Warren Buffett knows that his wife feels that 2018 will be better for the both of them. They both see a greater financial outlook