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Refer to Warren Buffett's discussion about The Bet at pages 11 to 14 of theLetter to Shareholders for FY 2017. What exactly was The Bet

Refer to Warren Buffett's discussion about "The Bet" at pages 11 to 14 of theLetter to Shareholders for FY 2017. What exactly was "The Bet" that Buffettplaced? What was the outcome of "The Bet"? What lesson do you take awayfrom all of the discussion on "The Bet"? Please answer each of these threequestions in separate and numbered paragraphs. Be sure that your answers arefully and clearly stated

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