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Ep 390. The Omaha Experience: Our Take on Berkshire’s AGM

Focused Compounding

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The Importance of Having a Good Idea

Bob Greene: It's not unreasonable to think that no one ensures these risks, but ensuring that kind of risk would have gone up a lot versus what the situation was a little bit earlier. A few years ago, it's a risk, but you assign a very low probability to that kind of catastrophe hitting a bank. But now you're looking at this is a once in every 50 years type event, and then getting realistic about that. He says people were unrealistic about the risk that Russia was going to invade Ukraine because it was almost certain from the start.

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