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Industry Focus

Financials: White Mountains Insurance – A Baby-Berkshire or Something Else?

Industry Focus

The Motley Fool

Interview, Money, Consumergoods, Business, Businessnews, Ceo, Technology, Investing, Stocks, Energy, Fool, Financial, Economy, Healthcare, News, Banking, Motley, Tech, Business News, Investments

4.6854 Ratings

🗓️ 18 June 2018

⏱️ 29 minutes

🧾️ Download transcript

Summary

On the surface, White Mountains Insurance’s business model may look a lot like the Oracle of Omaha’s playbook.

Transcript

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0:00.0

Support for Industry Focus comes from our friends at Rocket Mortgage by Quicken Loans.

0:03.5

Home plays a big role in your life.

0:05.1

That's why Quicken Loans created Rocket Mortgage.

0:07.4

It lets you apply simply and understand the entire mortgage process fully,

0:10.8

so you can be confident that you're getting the right mortgage for you.

0:14.3

To get started, go to rocketmortage.com slash fool.

0:19.7

Welcome to Industry Focus, the podcast that dives into a different sector of the stock market

0:23.6

every day. It's Monday, June 18th and we're doing an episode about a company

0:26.7

called White Mountains Insurance that's for a listener's ticker symbol W.T.M.

0:32.1

Thanks to a listener for pointing out the company and asking for us to talk about it.

0:35.6

I will include and hear my typical plug. Listeners, if you have a stock that you're interested in

0:40.1

in any of the sectors that we cover and you want us to talk about it.

0:43.0

Email us, tweet us, send us a letter I guess if you want to.

0:48.0

Really anything is appreciated.

0:50.0

We are very happy to dedicate whole episodes to stocks or industries or questions that listeners have because it's just a cool opportunity for us to

0:58.1

examine something that maybe we wouldn't have thought about otherwise. So thanks to a listener, we're going to be talking about White Mountains.

1:05.2

Again, that's ticker symbol, W.T.M. in particular.

1:07.8

But of course, first, we're going to start talking about insurance more generally.

1:10.4

And then we'll be talking about two of our favorite insurance companies, Markel and Berkshire,

1:15.8

and just kind of comparing them a little bit to White Mountains and kind of understanding

1:19.0

how the interplay between those different investments is't sort of what how we tend to

1:24.2

approach investing in this particular area of the market. So with all that said

...

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