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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: LLCF who wrote (16929)3/17/2002 2:38:31 PM
From: Terry Maloney  Read Replies (2) of 74559
 
<<Why not 9/11 too??? Buffet took a hit, so he wasn't immune right?>>

Right. I meant to imply that post 9/11 he was no longer willing to cover terrorism ... but that's not quite right, either. He says he still will in certain circumstances of limited exposure and adequate premiums.

There's a good discussion of all this toward the middle of his annual letter:

berkshirehathaway.com
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