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To: Ron who wrote (10649)	5/8/2002 11:33:28 AM
From: Toby Zidle	Respond to of 17683

The Oracle of Omaha, Warren Buffett, opined that a nuclear attack in the U.S. is a near certainty. Casual comments from a wizened man? Perhaps. But Berkshire Hathaway, Mr. Buffett's company, is also deeply involved in insurance and reinsurance. So you could also surmise that a little nuclear chatter means more perceived risk and thus higher premiums for his firms. On the other hand, if Buffett were right, the insurance industry would collapse under the weight of the claims and the stock market would make us yearn for the good ol' days of the Depression -- which wouldn't help the insurance companies either. Buffett must believe what he says -- because to say it as a manipulative ploy would backfire if the market responds to trash the value of the industry's multi-billion-dollar stock holdings.