February 29, 2016
WHAT DO INSURERS KNOW ABOUT RISK?:
Warren Buffett on global warming: 'This issue bears a similarity to Pascal's Wager on the Existence of God.' (Akin Oyedele, Feb. 27, 2016, Business Insider)
From the letter (emphasis ours):It seems highly likely to me that climate change poses a major problem for the planet. I say "highly likely" rather than "certain" because I have no scientific aptitude and remember well the dire predictions of most "experts" about Y2K. It would be foolish, however, for me or anyone to demand 100% proof of huge forthcoming damage to the world if that outcome seemed at all possible and if prompt action had even a small chance of thwarting the danger.
Posted by Orrin Judd at February 29, 2016 3:46 PM