Subject: Re: Barron’s piece on Berkshire
The alternative -- in the absence of compelling acquisitions - is to stockpile cash forever.

I would be extremely surprised at a dividend any time soon.

Nothing wrong with "merely good" acquisitions, which is what I expect.
It's amazing how well even a very average set of stocks can do if you manage merely to avoid some of the really bad picks: those unduly likely to fade or fail. I think it's fair to say that most investors don't even really try.

Jim