Subject: Re: Some Thoughts - Maybe Too Many
<<COUNTER: If things really do hit the fan and BRK gets the opportunity to deploy??<<<

“if”..is incorrect. “when” is correct. Tomorrow, 2 years from now, 5 years from now.

Not sure when…but certain. The big market plunge opportunity comes every decade or so. You want to go all-in and have a massive arsenal of bullets to fire. That’s the lesson of Munger. You have to be very, very patient and then go ultra aggressive. It’ll be easy to deploy $279 Billion or more in such an opportunity. That’s how you make doubles and triples on safe , large caps in short time. I’m not in a rush and can live with single digit returns on that cash in the meantime. While 3/4 of a $Trillion in stocks and subsidiaries continue to move the needle for us,

This is an investment company that I entrust with high confidence to invest the excess cash it generates on my behalf. It’s not an auto company or fast food chain. I want GM or McDonalds to share with me some,or a lot, of their excess cash in the form of dividends. Agreed!

Buffett should continue to retain those $1 bucks rather than giving 75 cent bucks in the form of after tax dividend benefit to me.