Berkshire shakes off one of its short term acquisitions.

Implications: With the current state of the stock market is this the time to get out of some areas of the insurance industry? Is Buffet's latest sale just another step on a lily pad?

Analysis: The insurance industry has always been the butt off many jokes, yet it remains as an integral part of the US economy.  We will almost always need some form of backstop for catastrophic losses.  Warren Buffet, however, may see the insurance market as just another investment or strategy to get to the next level.  Selling of his 16.3% stake, valued at almost 836 million, may be the means to that end.  This article has overtones that he may have simply been helping out a long time friend, but make no mistake about it when Warren buys or sells, or there are even rumors of the like, the market responds. This sale, according to this article,  suggests Warren may be gearing up for a larger acquisition.  Then again, Berkshire has almost always viewed growth by way of acquisition.  http://seekingalpha.com/article/66982-berkshire-hathaway-class-a-appears-undervalued  What seems real interesting is even with this high stakes transfer the articles states " White Mountains said neither it nor Berkshire will realize a taxable gain from the transaction."