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Monday, May 05, 2014

Warren Buffett on the impact driverless and safer cars will have on the insurance business:

“If they really work well then they are good socially. But sure, they could reduce the cost of insurance. Anything that improves, reduces accident rates, reduces death rates will reduce the cost of insurance. That’s basically a good thing for society. Overall the world would be better off if we didn’t have any car accidents.”

Warren Buffett on whether he would prefer investing in Blackberry or Bitcoin:

“I’d probably short them both.”