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Will Berkshire Suffer When Self-Driving Cars are Ubiquitous?
Posted: Wed Mar 25, 2015 8:02 pm
by dualstow
...since they own GEICO, and car insurance is mostly going to disappear.
I would like to think they'd be on top of this, but I don't know.
Re: Will Berkshire Suffer When Self-Driving Cars are Ubiquitous?
Posted: Wed Mar 25, 2015 8:15 pm
by Greg
My thought would be you'd still end up having car insurance even with driverless cars, just the premiums would go down. I think it'd become more like homeowner's insurance. Where someone can walk into your home, fall over, and try to sue you even though you didn't do anything wrong. You could be asleep in a driverless car when it hits someone/another car but it was still your car in the accident and someone needs to pay for medical bills/property damage.
Re: Will Berkshire Suffer When Self-Driving Cars are Ubiquitous?
Posted: Wed Mar 25, 2015 8:29 pm
by dualstow
That's good insight, thank you.
I kind of knew this would be a Greg topic.
Hopefully, I'll be able to sleep in my future auto-automobile, knowing that it won't hit anything.
Re: Will Berkshire Suffer When Self-Driving Cars are Ubiquitous?
Posted: Wed Mar 25, 2015 9:28 pm
by Greg
The future is looking very interesting technologically. I like the idea of a driverless car because it's all of the benefits of a train (not needing to pay attention, etc.) without having to worry about the railroads being everywhere. You could fall asleep in Pennsylvania today and wake up in North Dakota tomorrow (although it'd be a long sleep).
Re: Will Berkshire Suffer When Self-Driving Cars are Ubiquitous?
Posted: Wed Mar 25, 2015 10:54 pm
by MachineGhost
dualstow wrote:
Hopefully, I'll be able to sleep in my future auto-automobile, knowing that it won't hit anything.
Like this one?
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What I wonder is what people are going to do with all their free time that won't be wasted on commuting and other boring stuff like that. It can't be good for the labor market.
Also, we're gonna look back and think how extrapolatively stupid scifi movies were showing us driving in the future, even in flying cars.
Re: Will Berkshire Suffer When Self-Driving Cars are Ubiquitous?
Posted: Thu Mar 26, 2015 7:46 am
by dualstow
Theyll be puffing on legal pot and thinking up some new disruptive tech that will create wealth and obviate countless jobs.
Re: Will Berkshire Suffer When Self-Driving Cars are Ubiquitous?
Posted: Thu Mar 26, 2015 10:24 am
by Greg
dualstow wrote:
Theyll be puffing on legal pot and thinking up some new disruptive tech that will create wealth and obviate countless jobs.
It's almost a snowball affect. The more time we give them that doesn't have to go towards unnecessary activities leads to more thinking of ways to eliminate unnecessary activities. More and more jobs will be lost/modified because we'll think of smarter ways of solving our problems. (hopefully positive-spin on the future)