Is There a Magic Number?

Berkshire is organized so that we'd be a disadvantage We'd be at a disadvantage in betting for forests. A lot of forest products companies convert themselves into flow-through Partnerships and don't pay normal full corporate income taxes. So just going in we have the structural disadvantage that is really quite significant Becky This Question comes from Scott Bondurant who is from Chicago, Illinois And he asks can you please elaborate your views on risk? You clearly aren't a fan of relying on statistical Probabilities and you highlight the need for $20 billion in cash to feel comfortable.