Subject: Re: Why Aren’t Markets Freaking Out?
Two other pieces to look at:

Insurers have liabilities

BRK's equity and bond positions are at extreme odds of going into decline....because of probable market declines.

Sure, Berkshire's insurance float is $174bn, covered twice over by the cash and bonds.

Apologies, I typed the wrong number for book in my previous post. It is $668bn ($494 is liabilities).

Some figures in $bn:
Cash $340
Fixed $15
Stocks $268
Other $25
Float $174
Assets $1164
Liabilities $494
Book $668