Subject: Re: BRK Annual Meeting Observations
Uwharrie,

Please keep sending your thoughts and observations. I find them quite valuable.

The more I listen to Warren and watch his actions, the more convinced I become that he envisions a scenario such as you describe. He says he obviously doesn't know when it will happen - but it's always done so in the past. He has formed a shareholder base that will support his patience - whether it pays off for him or his successors.

There's a lot of collective wisdom in the members of this board. Let's continue to share it.

Tex