@QuisitiveInvest
$2 billi was the premium right?
I'm pretty sure that his insurance business can go broke without endangering the cash kept by Berkshire, but correct me if wrong.
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If the payout was $2bn, the premium was way less... It's an expected value calc, where the uncertainty is the % chance of the insurer having to pay
@moseskagan Word, I know how expected values work. Trust me, your goy can math.
@Post_Market I guess I was just being an idiot for thinking that they could write a policy so big that it'd have a $2 billion premium. If I were Japan I would consider doing that. 
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What threw me off was
@nachkari's comment that this is why Buffett is not being aggressive. That doesn't make sense. If the max damage is $2 billion, what does he care? Corporate veil plus he has $120 BILLION in cash. Won't affect his purchasing, hardly. -
Oh yeah,
@Post_Market my feelings are hurt
. First the sick burn, followed by the 10+ like pile-on. I'm too sensitive for that. Kid gloves only please :)
End of conversation
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