Ajit’s no nonsense…. Basically said we don’t need the risk as the reward is too small….

I do cybersecurity, the risk is high and can’t quantified, we can only do our best to reduce the cybersecurity risks and be prepared for threats and attacks. It’s so complicated and nothing is really secure. Public trading companies are required to to buy cyber insurance

This is an excellent demonstration of Berkshire‘s investment philosophy. It is based on simple, logical reasoning. Other companies would produce squaremiles of Excel spreadsheets to come to the same conclusion and then still act foolishly based on greed.

Well reasoned. On the client side, I, having the pain of a £500k claim for a flooding of my company (tidal surge) and knowing the hoops I had to jump through to get the payout on something that was very easy to measure and record, imagine what the insurance companies would do when considering something complex like a cybersecurity incident. No thanks, I will do best practice and keep my money for more innovation. As a friend who used to be my insurance broker told me "always protect yourself as if you were uninsured", which I try to with property, public and employee liability but in the case of cyber insurance I am uninsured.

Very interesting points. The fact their is no end to the payouts make it beyond high risk

Interesting fact: Ajit Means invincible in Hindi

So many financial catastrophes happened because people assumed independence and normal distribution.

Is ajit jain from india?

@MK-fu3jp

Ай бұрын

yes

@MRT-co1sd

Ай бұрын

If he can talk and convince the Anglo Saxons then he is from India

@bsjddjk

Ай бұрын

yes

@3dandelion

Ай бұрын

yes & he’s a hell of a lot of smarter than the average person. A lot more vision too.

Protection sells, as long as there is fear mongering then there's money to be made. You have Iran, North Korea, Russia and China out there so the sales for security/protection is big business. Now if the defense and intelligence community decides they won't proceed with their imperialism then get rid of your stakes in the industries but until then invest heavily.

will work hard ��every day, forcing myself to respond to the resolution I want. I will succeed in life

They have no idea how it works. They dont admit it and make excuses

@gideonk123

Ай бұрын

If you think so, why not open an insurance company specializing in cyber security, and try to reap all the profit they supposedly left on the table?

🎰

Ajit has lost weight. Look at shirt collar.

Basically the guy on the right said just something to be said

@gideonk123

Ай бұрын

On the contrary, he spoke wise words. Listen again

Basically Berkshire prefer conventional business , old industry and the hardware side of the tech business such as Apple...next CEO will pivot to Crypto?? Maybe😂

without Buffet there is no Berkshire. Munger has left, buffet is soon. Sell the holidng you have.

@phrime5627

Ай бұрын

You cant even spell Buffett. Just dont speak noone cares

@slapjuice

Ай бұрын

@@phrime5627 so? you cared enough to respond. They should care, he's the magic sauce and you're an idiot.