Subject: Re: WEB press release
True, yes. There's also a huge universe of US stocks that aren't large enough for Berkshire to invest in.

So Warren could for years buy stocks he'd buy as a private investor but he could not buy for Berkshire. Ironically the potential for conflict arose when he hired Todd and Ted who waded in any market cap they chose--with much smaller portfolios. Throw in your excellent point about Sokol and even the HINT of impropriety....

My guess is-his personal account has likely been pretty inactive for several years-and compounding like crazy :)