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Substantive Finance

Allstate buys $NGHC

Biggest beneficiary off this deal: Michael Dell. You’ve kept up with Michael Dell right? No, well me neither, but sort of…

I’ve liked him- most guys obsess over guys like Cuban- but Dell is a worthy USA business guy to follow.

Turns out he started MSD Capital (no doubt the initials “MSD” are his) which, from 2013- its start, until now, has done mostly charitable stuff under the radar, owns 7% of $NGHC. So Dell is getting a nice premium for the insurance company his money firm has owned for 7 years.

Funny, this is how Buffett started out: by making his textile manufacturer (after which the company is named) use cash flow to buy an insurance company he believed was great…

Is Dell‘s company starting a similar streak???

Who knows.

Read Buffett’s shareholder letters. They are amazing…

Use a Dell. It will get stolen from you in college or last half as long as it takes Apple to ship a game changer- which ever comes first.

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