Ok this is just going to be a semantics argument because I see your point and think it's a valid interpretation.
But what I meant is that it's not a bet against Buffet since you don't have to pay Buffet anything if you lose. The real bet that Buffet is making is with Quicken, where the stakes are probably $10 million to $1 billion, with 1:2000 odds in Buffet's favor.
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Ok this is just going to be a semantics argument because I see your point and think it's a valid interpretation.
But what I meant is that it's not a bet against Buffet since you don't have to pay Buffet anything if you lose. The real bet that Buffet is making is with Quicken, where the stakes are probably $10 million to $1 billion, with 1:2000 odds in Buffet's favor.