What does this sentence mean?
Success in insurance, Buffett intoned, depends on taking understandable risks properly priced without undue aggregation.

What is 'aggregation' ? Is it an item for insurance? And what does the latter part of the sentence mean?

Question

What does this sentence mean?
Success in insurance, Buffett intoned, depends on taking understandable risks properly priced without undue aggregation.

What is 'aggregation' ? Is it an item for insurance? And what does the latter part of the sentence mean?

Answer

This is tough, probably an insurance term.

Answer

feeling  implicit insurance risks properly priced rather than inessential insurance risks.