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No. of Recommendations: 9
“With regards to Covid19, this was asked and answered”

Yes. And the answer given was a status quo, contract abiding, environment. And as I mentioned, I don’t worry one iota about BRK’s exposure in that circumstance. I do however worry about what JeanDavid said - that we are at the mercy of the legislatures. I share his skepticism. Although at least two state Bills that I know of have been tossed that doesn't mean it’s over. They’re not desperate just yet. My hunch is that Warren deftly Tap danced around this issue.... “if the worst happens then $137 billion isn’t all that much.” Then... “I don’t want to give anyone ideas because it makes it more likely to happen.” So that certainly means a MAN CAUSED threat. At first I thought - cyber terrorism? But they would certainly cap something like that big time. Now I’m more inclined to think extreme retroactive punitive damages. It makes more sense. And if that is indeed the threat he’s worried about then it would tie down huge sums of capital probably FOR YEARS... if that’s indeed the context, then it makes it a bit easier (for me anyway) to rationalize his recent actions... Yea, he’s “frozen” as someone said... I’m not so convinced that ALL of it is due to the extreme economic outcomes I posted about.

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