Gets crazy if you add float & cash on hand - the $20 billion BRK keeps for claims, the thats over $260 billion of dry powder. That is sovereign level stuff, which is why Buffett is more of a champion of the current system. Where else will a person worth $117 billion control $260 billion of purchase powering exist. It wouldn't.
Excellent summary, Kevin. Thank you!
Gets crazy if you add float & cash on hand - the $20 billion BRK keeps for claims, the thats over $260 billion of dry powder. That is sovereign level stuff, which is why Buffett is more of a champion of the current system. Where else will a person worth $117 billion control $260 billion of purchase powering exist. It wouldn't.