Reminds me of the time Warren Buffet's company insured a gambling company against a "billion dollar" payout [0]. Buffett noted that the insured value of the pay

Reminds me of the time Warren Buffet's company insured a gambling company against a "billion dollar" payout [0]. Buffett noted that the insured value of the payout was far less than a billion dollars because the payout was spread over 40 years and joked that the gambling company rejected his advice to spread the payout over a billion years - paying $1 per year. [0] https://www.insurancejournal.com/news/national/2000/10/03/11427.htm https://www.insurancejournal.com/news/national/2000/10/03/11...