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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Skeeter Bug who wrote (117047)	11/24/2008 9:43:25 AM
From: Knighty Tin	3 Recommendations Read Replies (1) \| Respond to of 132070

Insurance is basically betting a lot to gain a little, softened by huge diversification. Though the concept is sound in life insurance, the amount of diversification in this play is unsound, IMHO. But, what the hey. Warren probably won't be here to see if it fails in 2019. His main Achilles heel is that he believes in the long term viability of markets. I don't. There will certainly be markets, but they don't have to be these markets.