4 ms·

Berkshire Hathaway (his company) is the insurer, not the insured. So he will lose money if someone wins (but earn a pretty good amount of money if no one does)

by rhc2104 13y ago

Berkshire Hathaway (his company) is the insurer, not the insured. So he will lose money if someone wins (but earn a pretty good amount of money if no one does).