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Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A) ❤
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Author: oddhack ✧  😊 😞
Number: of 15061 
Subject: Re: Billions in damages
Date: 03/07/2024 11:02 AM
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If they end up paying out a few billion for the 2020 fires, that's not such a big deal for Berkshire, but if the environment is such that they no longer want to invest a lot of new capital in the utilities, that is a bigger problem, and it is not obvious to me how Berkshire can solve it.

Perhaps they should consider reinsuring climate change risk, should they find a willing broker.

I feel little sympathy for any power company (particularly PG&E since I suffer their behavior directly). Trying to cut corners on safety costs some people their lives, not just their homes. If that affects Berkshire's valuation, or causes Berkshire to exit the industry, so be it.

Looking forward to home solar + storage when my situation allows.
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