Post #7588 by LongTermBRK on the Berkshire Hathaway board

Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A)

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Doesn't mean much...

A very QUIET season with only 1 named storm--a powerful one that strikes population centers up the east coast could be devastating.

An extremely ACTIVE season with numerous strong storms that don't strike population centers or don't strike land at all--is an insurance nonevent season

So these forecasts are not only pretty useless for their accuracy--but even when they ARE accurate they can be useless from an insurance projection perspective.

It's not how many storms/how active--its WHERE they hit. Buffett alluded to this at the meeting "if strong winds blow the storms west"....

There's a 70% chance what I wrote here is accurate lol

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