Subject: Re: Berkshire Income Stream
Re how much cash to hold, it seems to me that how well one in insured against unexpected financial difficulties is a major factor to consider. Medical, liability, etc. Some of the medical miracles of today can be pretty expensive. And some jury judgments seem incredible to me.

Not trying to work the problem, just bringing it up as one of many factors that cold enter into deciding reserve cash one needs.

I view it all as having added protection against being forced to sell assets at the wrong time.