Subject: Re: What are we missing?
The price squiggles are a mirage. The only thing that matters is whether the business stays on track to generate 5-7% Real value annually for decades to come, and that's the main thing to keep an eye on. The price will more or less keep up with the value and everything will be fine in the end.

Exactly. I’m much more interested in how Berkshire management is thinking about and dealing with the current political and possible economic chaos in the US, rather than be obsessed with the price squiggles.