Insider View: White Mountains' cash pile

What do you do with $3bn of cash if assets are overpriced and
you know the true value of money?
That is exactly the predicament that White Mountains finds
itself in.
Here you have talented proponents of M&A who have just
cleaned up on the sell side looking for opportunities to buy in at
attractive valuations.
The company made a round of visits to bankers on Wall Street in
the autumn as it mulled over the deployment of the Sirius...