The concern over nuclear weapons has increased in the past month as Russian President Vladimir Putin has raised threats of nuclear attack and tested new weapons.
"The world is flipping a coin every day whether people who can literally destroy the planet as we know it and will do it," Buffett said to an audience of Berkshire Hathaway shareholders Saturday. "Unfortunately, the major problem is that people who have large stocks of nuclear weapons and ICBMs.
The question, submitted by a shareholder, asked about the impact of nuclear weapons on Berkshire’s operations and outlooks. The company maintains a number of insurance operations, and a nuclear attack would severely impact the company’s operations as a result.
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