Subject: Re: Hopes, for Greg’s first letter?
<<I'm not nearly as confident as you that things are going to be so rosy.>>

I think things are pretty rosy RIGHT NOW. What’s not to like about the cash earnings, the balance sheet, and the liquidity?

I think there’s a lot of low hanging fruit with operational efficiencies that will flow directly to the bottom line…and we are principally a collection of operating companies…and Greg is an operations guy. I don’t see how thats not an improvement at this stage in Berkshire’s evolution.