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fxtrader07's
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Hi reggie, you are splitting hairs in order to get around the major point. the business is older than a decade and it has been proven to be sound and viable. if it were only about short-lived incongruity Buffet would not have started the company, right?
Apr 25 08:22 am
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All Comments by fxtrader07 »Ambac Does It Again [View article]
of course , as in any insurance business, prudent underwriting holds the key to long term success and survival of the insurer and it may not be easy to do that. But "difficult" does not equal "impossible". And your quotations from Buffet and BHAC certainly do not invalidate my point, but rather underpin it.
Apart from that, investment success and credibility are two different pairs of shoes.