Subject: Re: OT: īThe Economistīon hedging...
I think wouldnīt apply to Berkshire, with itīs wild swings over the last 2 years.

Wild swings? In the last two years BRKB has swung between 400 and 540. It's now at 508 and it's been above 450 for all of the last 12 months. If you draw a linear trend line through the last two years of stock prices, you'll find that it has not swung much at all. Try comparing that to the really volatile stocks in the S&P.

Elan