At 94 is he a favorite to see the ending, this time?

It's true that Mr B is getting on a bit. The good news is that, oddly, at his age the odds of dying in the next year are no worse than they were last year. High, but not worse. Generally that risk rises with each year of age throughout your life, but it reaches a plateau by your 90's.

But on point, in general one doesn't have to see the ending of something to know how it will end. I've never seem Hamlet, but I gather a bunch of folks buy the farm. It is in the nature of tragedies.

For financial tragedies, it's generally a mixture of outright wealth loss and "mere" transfer of wealth from the unwitting to the unscrupulous. Usually it's hard to lose money in these situations unless you make an unwise decision to play the game, but if there is a "strategic bitcoin reserve" then all US citizens could one day be counted among the victims.

Jim

Berkshire Hathaway FAQ

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