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Molson_Hart's profile
Molson Hart
Molson Hart
Molson Hart
@Molson_Hart

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Molson Hart

@Molson_Hart

CEO at http://amazon.com/viahart . CEO at http://edisonlf.com . I tweet about business, e-commerce, supply chain, health, law, & infrastructure

Austin, TX
Joined July 2015

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    1. This Tweet is unavailable.
    2. Molson Hart‏ @Molson_Hart Mar 24
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      Replying to @nachkari

      @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.

      1 reply 0 retweets 0 likes
    3. Post M.‏ @Post_Market Mar 24
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      Replying to @Molson_Hart @nachkari @QuisitiveInvest

      You don't really think the IOC was paying $2B in premium to insure the event from losses, do you?

      2 replies 0 retweets 10 likes
    4. Molson Hart‏ @Molson_Hart Mar 24
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      Replying to @Post_Market @nachkari @QuisitiveInvest

      For business interruption? Seems like a reasonable premium to me. Happy to be corrected.

      1 reply 0 retweets 0 likes
    5. Moses Kagan‏ @moseskagan Mar 24
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      Replying to @Molson_Hart @Post_Market and

      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

      1 reply 0 retweets 2 likes
    6. Molson Hart‏ @Molson_Hart Mar 24
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      Replying to @moseskagan @Post_Market and

      @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. 🤷‍♂️

      1 reply 0 retweets 1 like
    7. Molson Hart‏ @Molson_Hart Mar 24
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      Replying to @Molson_Hart @moseskagan and

      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.

      2 replies 0 retweets 0 likes
      Molson Hart‏ @Molson_Hart Mar 24
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      Replying to @Molson_Hart @moseskagan and

      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 :)

      4:06 PM - 24 Mar 2020
      0 replies 0 retweets 0 likes

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