
2018-Morning Session-BRK Annual Shareholders Meeting
Berkshire Hathaway Annual Shareholder Meetings (since 1994)
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2% Probability Per Year of a $400 Billion Event
A $400 billion event has a, I think has roughly a 2% probability per year of happening. Cyber is uncharted territory and it's going to get worse not better. The question is whether if we have a whole bunch of $25 billion commercial limits out there whether there's some aggregation that we didn't foresee or that the course interpret most policies differently.
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