Are You Concerned About Berkshire's Long-Term Health?

Warren Buffett: With just a couple of tiny exceptions, we did not agree to put up collateral. We never would have gotten ourselves in that position. If you were to sell Berkshire's various subsidiaries, you would incur a very significant amount of tax at the corporate level before anything was distributed to shareholders. A $25 billion dollar ancillary earnings stream provides a lot of flexibility when investing insurance flows.