71 mentions across the corpus · positive 2 · negative 36 · neutral 23 · historical 9
RARE Charlie Munger 2017 Daily Journal AFTER Interview
“If you want them to do a lot with the AIG? What? Do you reinsurance of AIG? That's the second one. But where else is AIG going to go for, who would you trust to pay a lot of other stuff 30 years from ”
RWH037: Celebrating Charlie Munger w/ Mohnish Pabrai, Tom Gayner, Joel Greenblatt, & Chris Davis
“when you went back and you looked at something like AIG, for example, which I remember you telling me once was definitely your most painful and expensive mistake where You know, this had gone from bei”
RWH037: Celebrating Charlie Munger w/ Mohnish Pabrai, Tom Gayner, Joel Greenblatt, & Chris Davis
“You're right. AIG was the biggest one.”
RWH037: Celebrating Charlie Munger w/ Mohnish Pabrai, Tom Gayner, Joel Greenblatt, & Chris Davis
“AIG, for example, which I remember you telling me once was definitely your most painful and expensive mistake where You know, this had gone from being one of the world's biggest financial companies”
RWH037: Celebrating Charlie Munger w/ Mohnish Pabrai, Tom Gayner, Joel Greenblatt, & Chris Davis
“AIG was the biggest one. [01:42:41] William Green: This idea that Chris Davis mentions of studying your mistakes”
RWH037: Celebrating Charlie Munger w/ Mohnish Pabrai, Tom Gayner, Joel Greenblatt, & Chris Davis
“AIG, for example, which I remember you telling me once was definitely your most painful and expensive mistake where You know, this had gone from being one of the world's biggest financial companies”
RWH037: Celebrating Charlie Munger w/ Mohnish Pabrai, Tom Gayner, Joel Greenblatt, & Chris Davis
“AIG was the biggest one. [referring to investment mistakes studied]”
Learning from Warren Buffett & Charlie Munger w/ Chris Davis
“You looked at something like AIG, for example, which I remember you telling me once was definitely your most painful and expensive mistake, where You know, this had gone from being one of the world's ”
Learning from Warren Buffett & Charlie Munger w/ Chris Davis
“AIG was the biggest one. Probably the one that we've earned the highest return on was Lucent, interestingly”
Learning from Warren Buffett & Charlie Munger w/ Chris Davis
“AIG was, so painful because we just passed 9 11... AIG vaporizing was like that”
Learning from Warren Buffett & Charlie Munger w/ Chris Davis
“AIG, for example, which I remember you telling me once was definitely your most painful and expensive mistake, where You know, this had gone from being one of the world's biggest financial companies”
Learning from Warren Buffett & Charlie Munger w/ Chris Davis
“AIG was the biggest one. Probably the one that we've earned the highest return on was Lucent, interestingly”
Learning from Warren Buffett & Charlie Munger w/ Chris Davis
“AIG was, so painful because we just passed 9 11...AIG vaporizing was like that”
Learning from Warren Buffett & Charlie Munger w/ Chris Davis
“something like AIG, for example, which I remember you telling me once was definitely your most painful and expensive mistake, where You know, this had gone from being one of the world's biggest financ”
Learning from Warren Buffett & Charlie Munger w/ Chris Davis
“AIG was the biggest one. Probably the one that we've earned the highest return on was Lucent, interestingly”
Learning from Warren Buffett & Charlie Munger w/ Chris Davis
“AIG was, so painful because we just passed 9 11 and I still look at the downtown skyline and I can still see the silhouette even, what, more than 20 years later, it was just, they were so much a part ”
Morning Session - 2023 Meeting
“in 2016, you entered it into a very unique transaction with AIG, where you assumed up to $20 billion of liabilities in exchange for about $10 billion up front”
Morning Session - 2023 Meeting
“it served AIG's purposes it came to us with where we are in a unique position there's nobody else that was able to to write that”
Afternoon Session - 2022 Meeting
“AIG and the Hartford have also recently committed to reach net zero emissions from their underwriting and investment portfolios by 2050 or sooner.”
“there were times, I think, perhaps AIG, when Aunt Greenberg was there, he would do the same thing.”
2020 Berkshire Hathaway Annual Meeting - Part 2 - Q&A
“there were really only a couple companies in the world that were willing to write the business. And Berkshire and AIG wrote a lot of business”
Why Warren Buffett Said No to Lehman and AIG in 2008
“I got a call from AIG. And AIG was going to run out of money the following week. They'd done some very foolish things in their financial products operation.”
Why Warren Buffett Said No to Lehman and AIG in 2008
“I'm still getting more calls on AIG, and I went through dinner. I think I behaved reasonably well. I was still wondering what was going on, obviously, with AIG in New York. But there was nothing to be”
Warren Buffett On The 2008 Crisis
“And you get a call this time, not from Lehman Brothers, but from AIG, asking if you'd be interested investing $10 billion in the company. Yep. I said that, don't count on us.”
Warren Buffett On The 2008 Crisis
“everybody at AIG is going to be okay and everybody is going to be okay.”
Warren Buffett On The 2008 Crisis
“AIG gets rescued, and yet there's still a serious anxiety that GE might go”
Afternoon Session - 2018 Meeting
“We did that $10 billion dollar deal with AIG, which was the biggest deal in history last year.”
Afternoon Session - 2018 Meeting
“Berkshire received a 10.2 billion retroactive premium from AIG early last year. If the upperly revised estimate of 18.2 billion of ultimate claims proves to be correct”
Afternoon Session - 2018 Meeting
“we did it now with AIG. And sometimes we've been on the low side in our estimate, and sometimes we've been on the high side so far. AIG just said that they”
2017 Berkshire Hathaway Shareholder Letter
“we reinsured up to $20 billion of long-tail losses that AIG had incurred. Our premium for this policy was $10.2 billion”
Morning Session - 2017 Meeting
“This question is on Berkshire's retroactive reinsurance deal with AIG, which was the largest ever of its kind”
Morning Session - 2017 Meeting
“AIG's track record or reserve deficiencies and the opportunity for Berkshire to invest the float, what is your level of confidence that this contract covering up to $20 billion of AIG's reserves”
Morning Session - 2017 Meeting
“AIG had very good reasons for doing this because their reserves had been under criticism and this essentially probably should have put to bed the question”
Morning Session - 2017 Meeting
“AIG transferred to us the liability for 80% of 25 billion excess of 25 billion. In other words, they had to pay the first $25 billion.”
Morning Session - 2017 Meeting
“our calculations are on the conservative side. They're not the identical calculations that AIG makes. I mean, we come up with our own estimate of payouts”
“the shareholders of AIG pay. They didn't have anything to do with the actions of AIG financial products that people that said they lost a very significant percentage”
Buffett sees "gradual improvement" in economy | May 6, 2013
“Well, for you specifically, but AIG got us in a lot of trouble. Should the regulators be looking at the insurance companies”
Buffett sees "gradual improvement" in economy | May 6, 2013
“AIG got in trouble basically because in terms of the derivative positions they had. And I think they're changing the rules on derivatives.”
Buffett sees "gradual improvement" in economy | May 6, 2013
“AIG or a number of the banks where the CEO went away in the any kind of financial distress at all.”
Buffett sees "gradual improvement" in economy | May 6, 2013
“I don't think an AIG will be the type of problem.”
Morning Session - 2013 Meeting
“there was the hiring of several AIG executives. It appears that Berkshire may be taking a broader share of the market...four pretty well-known insurance people that had been with AIG had joined us”
Does Berkshire share information across its businesses?
“In studying the collapse of AIG, one of the things that we learned is that there were parts of the company which understood there were certain financial risks”
Afternoon Session - 2012 Meeting
“In studying the collapse of AIG, one of the things we learned is that there were parts of the company which understood there were certain financial risks”
Afternoon Session - 2012 Meeting
“AIG and General Motors have emerged. These two have not.”
Morning Session - 2012 Meeting
“We don't want to end up like AIG under someone else's watch.”
Afternoon Session - 2010 Meeting
“event cause a large number of losses that was coupled with a decrease in our investments to make an AIG type situation?”
Class B stock split was "easy decision" | January 20, 2010
“What about AIG, though? I mean, Goldman Sachs and a lot of the other banks did make a lot of money back from AI.”
Class B stock split was "easy decision" | January 20, 2010
“I was going to say AIG, other insurance companies warn likely to fall under that taxing category.”
Class B stock split was "easy decision" | January 20, 2010
“AIG goes through the ringer and all that sort of thing.”
Wesco 2009 Annual Meeting — Notes of Charlie Munger's Remarks (Peter Boodell)
“These are sad days at AIG. They have lost some of their position. It does not help to be headlines, when you are selling insurance”
Buffett and Munger commend DC's credit crisis response
“one weekend with Lehman going, AIG going, Merrill would have gone. And in my view, unless the B of A had bought it.”
Morning Session - 2009 Meeting
“one weekend with Lehman going, AIG going, Merrill would have gone.”
Morning Session - 2009 Meeting
“the Titanic-like ending at AIG, once Greenberg was gone, has me spooked”
Afternoon Session - 2009 Meeting
“That arose from something akin to the problems of AIG, although not. not remotely on the scale of AIG, but both in somewhat in financial products”
Morning Session - 2009 Meeting
“how the taxpayers are paying the bonuses at AIG. We haven't raised taxes at all in this country”
Morning Session - 2009 Meeting
“But what about Washington Mutual, AIG, Wachovia, Citig, Fannie Mae, even some Irish banks that I think you were involved with?”
Morning Session - 2009 Meeting
“It was named similarly to the AIG, when it was called Gen Re Financial Products, AIG Financial Products.”
Warren Buffett remembers the 2008 financial crisis | July 11, 2018
“not from Lehman Brothers, but from AIG, asking if you'd be interested in investing $10 billion in the company... I can't figure this thing out.”
Warren Buffett remembers the 2008 financial crisis | July 11, 2018
“whether maybe the property casualty companies hadn't guaranteed some things that financial products was doing...It's a AAA company on that day. I mean, it wasn't going to be the next week”
Warren Buffett remembers the 2008 financial crisis | July 11, 2018
“they would have had to save Leibon and AIG simultaneously, and by that either given the message or said this.”
Warren Buffett remembers the 2008 financial crisis | July 11, 2018
“whether you had picked off Lehman Brothers or AIG, the others would have still gone anyway.”
Warren Buffett remembers the 2008 financial crisis | July 11, 2018
“AIG gets rescued.”
Warren Buffett | Testimony | 2008 Financial Crisis | June 2, 2010
“This is much like what AIG did, right? They didn't lay off... I don't think it's much like it. But we sell credit insurance.”
Warren Buffett | Testimony | 2008 Financial Crisis | June 2, 2010
“one difference between AIG's selling of credit insurance and yours is that you charge enough to cover the risk. That was not the case with AIG.”
Warren Buffett | Testimony | 2008 Financial Crisis | June 2, 2010
“the AIG derivatives contracts, you meant were to get around capital requirements in Europe. I mean, 300 billion of it.”
Warren Buffett | Testimony | 2008 Financial Crisis | June 2, 2010
“the government did the right thing in stepping in an AIG, but I don't think AIG should have gotten there in the first place.”
Wesco 2005 Annual Meeting — Notes of Charlie Munger's Remarks (Whitney Tilson)
“There's a Lot That Was Strong and Good at AIG... I've never examined AIG in great detail. AIG was run by a truly brilliant, dominant personality”
Wesco 2005 Annual Meeting — Notes of Charlie Munger's Remarks (Whitney Tilson)
“There's a Lot That Was Strong and Good at AIG... I think he thought it deserved a better reputation than it had. I agree.”
Afternoon Session - 2005 Meeting
“For the handful of AAA-rated companies, AIG, Fannie Mae, Freddie Mac, and MBIA are under formal investigation for accounting”
Morning Session - 2005 Meeting
“What do you think of the two insurance, reinsurance, AIG and Converium from Switzerland.”
Wesco 1999 Annual Meeting — Notes of Charlie Munger's Remarks (simpleinvestor)
“Elsewhere its Progressive and potentially AIG, and GE (Colonial Penn), State Farm, and Allstate.”