Warren Buffett warns of natural or human-made “megacatastrophe”

"When such a megacatastrophe strikes, we will get our share of the losses and they will be big - very big," Buffett wrote.

Although such a disaster could happen tomorrow or decades from now, one thing is sure, he said: the catastrophe is inevitable. Yet Buffett said he had a plan for such an outcome.

"Unlike many other insurers," he wrote, "we will be looking to add business the next day." That funding, he said, will come from deferred income taxes, liabilities that Berkshire Hathaway will eventually pay but are currently interest-free.

Last Edited by It’s Too Late on 02/27/2019 11:21 AM

Thanks bandit.