Sunday, May 07, 2006

Warren Buffett on Hurricane Issue

"It's an explosive sort of equation that you're dealing with," Buffett said.

"The laws of thermodynamics are such that if the oceans get warmer - and they are getting warmer - the weather's going to have more high energy in it," said Berkshire Vice Chairman Charlie Munger. "I think we'd be out of our minds if we wrote more insurance as though global warming wasn't going to have any effect at all."

Annual General Meeting May 6, 2006

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