Special topic: Buffett's 2024 shareholders 'meeting hits heavily

Jain and Buffett talk about cybersecurity insurance. Jain said the global cybersecurity insurance industry is "at least a US$10 billion market" with "fairly high profitability," but Berkshire tends to be "very, very cautious" when taking on cyberinsurance responsibilities.

He told Berkshire insurance employees that no matter how much they charged, they would lose money every time they signed up for an Internet insurance policy.

"It's a huge amount of business, but it can cause huge losses, and our approach is to stay away from it for a while until we can get some meaningful data and determine our goals." Jain said.

Buffett agreed, saying thatmfk540extrait70mlYou should think of insurance as how much you can lose. "Most people want to wear trendy clothes...(but) you have to have someone who knows what to do to take care of these things. You may encounter a series of risks that you never thought of, or even worse-an earthquake."