Apologies if this has been addressed, but I haven’t seen it labeled as such.
What is the issue that was supposedly so important to this annual meeting? Pre-meeting folks were pondering it. Have we decided on what it is?
SD
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Might have been the nuclear thing. He addressed that right at the top and wasn’t happy about having to talk about it. My summary, from memory: that it was the greatest threat we (humans/Berkshire) face, esp., because people can be self-destructive. Probabilities for such a thing, although he said low, he also said, actually, high if someone with an ego/pride issue is in a situation without safeguards.
Which is why he talked a lot about Berkshire being consciously built to withstand anything–short of a nuclear war.
Ajit also said his greatest fear was that there is the possibility/probability(?)that fire loss arising from an attack may not be shielded no matter how a policy is written.
It was top of mind because the situation in the world makes a nuclear attack a probability not less than zero and more than it has been for a long time.
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