> Warren Buffett Blog: Warren Buffett says no chance of Berkshire to have financial difficulties

Wednesday, March 11, 2015

Warren Buffett says no chance of Berkshire to have financial difficulties

I believe the chance of any event causing Berkshire to experience financial problems is essentially zero. 

We will always be prepared for the thousand-year flood; in fact, if it occurs we will be selling life jackets to the unprepared. Berkshire played an important role as a “first responder” during the 2008-2009 meltdown, and we have since more than doubled the strength of our balance sheet and our earnings potential.