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eru
on Jan 22, 2014
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Warren Buffett offers $1 billion for perfect March...
They can probably get it insured for $2m, then.
IgorPartola
on Jan 22, 2014
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What's the point? If Buffet wins, no need to pay insurance premiums. If he loses, his insurance would cover 0.2% of his loss.
ghshephard
on Jan 22, 2014
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The idea is you pay $2m, and if you lose, the insurance covers the $1B (or $500m if in one lump sum)
IgorPartola
on Jan 22, 2014
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Thank you. I was really misunderstanding that. Late night comments...
paisawalla
on Jan 22, 2014
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Buffet pays the $2M premium, and the insurance company will pay out the $1B in case of a winning outcome. Otherwise how is it even insurance?
gibybo
on Jan 22, 2014
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Buffet (or rather, Berkshire Hathaway) IS the insurance. Quicken is paying the premium to one of Buffet's insurance companies.
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