Subject: Re: Investment portfolio
We all know trump wants sharply lower short rates. It remains to be seen if he can get longer rates down as well, tho I doubt it.

What do we do with 300 Billion plus of cash into sharply lower short rates which might result in higher stock prices during the remaining three years? Continue to hoard cash?

Keep in mind brk has no obligation to disclose SEC comment letters, who knows why we hired the new in-house lawyer? What are the material issues facing brk?

Thank you.