

❝ It's like a wax museum on the floor today. You recognize everyone, they're all standing around, but no one's moving.
❝ If our premiums exceed the total of our expenses and eventual losses, we register an underwriting profit that adds to the investment income our float produces. When such a profit is earned, we enjoy the use of free money - and, better yet, get paid for holding it. That's like your taking out a loan and having the bank pay you interest.
❝ Don't stay in bed, unless you can make money in bed.