I enjoy a good riddle and this one is a challenge. Look at the parking lot below. What is the number of the parking space where the car is parked? (Can you hear the jeopardy theme?)
Well… did you get it? Are you trying to do mathematical equations or dividing by the square root of an apple pie?
The answer is “87″. It’s point of view. If you look at the parking lot from the viewpoint of the driver, then you can see that the car has backed into space number 87.
Berkshire Hathaway just announced that its insurance companies, which include Geico and General Reinsurance, reported a $38 million underwriting loss. That is compared to their last year’s $411 million gain. The negative swing was driven by higher claims at Geico and $115 million in storm losses in Australia where Berkshire insurers provide coverage.
What does it mean. Well, just like the parking place, it’s the viewpoint in how you look at things. Insurance companies receive premiums. Their profit is based on the receipt of premiums and if they have to make payment on claims… not so much profit. So, they look at claims as the enemy of profit. Point of view!
And for pic o’ day…
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