Economic crisis

Berkshire didn’t have the equal “stresses” that AIG did for the duration of the monetary crisis, Meyer Shields, an analyst at Keefe, Bruyette & Woods, said in a smartphone interview.

“on the other hand, whilst we use the basic definition of systemically critical economic establishments, Berkshire I assume fits that invoice,” he said.

Berkshire is rated AA at preferred & terrible’s, the third- maximum rating. That compares with the seventh-highest grade for AIG. Buffett’s company had greater than $40 billion in coins as of Sept. 30.

“we can by no means emerge as dependent on the kindness of strangers,” Buffett wrote inside the 2010 letter. “Too-massive-to-fail isn't a fallback function at Berkshire.”