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insurance industryBenzinga
•56% Informative
Charlie Munger , vice chairman of Berkshire Hathaway , shared some valuable insights with the public.
Munger responded to a question from CNBC 's Becky Quick about the trend of large companies opting for self-insurance against various liabilities.
He said, "All intelligent people should do it my way," highlighting the waste and fraud often associated with traditional insurance.
A recent study found that 12% of Americans no longer have home insurance.
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