Subject: Re: Just to be provocative
“ On the short term lighter side: Berkshire is more likely than most firms to get a nice one time boost for any capital deployed in the next bear market, whenever that may be.
On the short term darker side: a lot of BNSF's business is moving stuff that was made in other countries. Arrivals at the port of Los Angeles are down ~30% for the moment.

Jim“ Good morning, based on the major investments made the past ten years, why should we be optimistic that stock picking, or takeover deals, will beat an index? Other than the huge Apple win, what do you see to justify that confidence? Thank you.