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American International Group, Inc. Message Board

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  • Novalis_97 Novalis_97 Jun 26, 1998 10:30 AM Flag

    WB pays 23 PE for GRN then what should A

    "Buffett, who is widely followed for his
    stock-picking prowess, refused at the press conference to
    comment directly on Berkshire's portfolio, including in
    American International Group Inc., another insurance

    However, Buffett said he did not think it was a conflict
    of interest to have a stake in AIG with this
    acquisition (General Re).

    Buffett also said that he
    had not pursued any other acquisitions in the
    reinsurance business and that he had no other targets in the
    financial services industry on his 'dance card.'"


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