Insurance would have been a better investment than textiles

Billionaire Warren Buffett described his 1964 purchase of textile mill Berkshire Hathaway, from which his company takes its name, as his dumbest-ever in an interview with CNBC, Investment Week reports.

Buffett, who described the purchase as a $200bn blunder, said in the interview that his investment would be worth twice as much now if he had invested in a good insurance company rather than a textiles firm.

The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.

Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.

Topics