(Bloomberg) -- Charles Munger, the vice chairman of WarrenBuffett’s BerkshireHathaway Inc., said the decision to take on insuranceliabilities from AmericanInternational Group Inc. offers plenty of risk, and also thechance for a substantial reward.

“It’s intrinsically a dangerous kind of activity, but that’s oneof its attractions,” Munger said Saturday at Omaha, Nebraska-basedBerkshire’s annual meeting, highlighting the judgment of Buffettand his reinsurance deputy, Ajit Jain. “Get me in a lot moreof those businesses and I’ll accept a little extra worry.”

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