Below are a few snippets of recent comments from two of the world’s biggest investors. Here’s Mr. Gates yesterday:
After the nuclear disaster in Japan at the Fukushima reactors, the general public is understandably skittish about nuclear energy once again. But not Bill Gates. Speaking today at a Wired business conference in New York City, he is talking up the benefits of nuclear energy, particularly next-generation designs.
And here’s Mr. Buffett at his annual meeting last week:
Don’t question Buffett’s commitment to nuclear power. He views it as essential to helping fill the United States’ energy needs.
“I think some people misinterpreted my interview when I said that it had suffered a major setback,” he said. “That does not change my view that nuclear power is important for the world.”
Munger adds that we can’t be so risk-averse about possibilities that are relatively remote that we forego useful solutions. He also says that there are always long-tail risks, like a tsunami hitting Iowa. (That’d be a hell of a storm, he cracks.)