Subject: Re: The Berkshire Problem
"...if it's good enough for BRK, it's good enough for us. Who needs Berkshire to exist?"

We all do.

Without a Berkshire, there would be no Buffett to admire, no Annual Report to anticipate, no unique one-of-a-kind business to own a piece of from afar or to gather around in Omaha annually, no Discussion Board to share our thoughts about a common financial interest (thanks, Manlobbi), and no Mungofitch to conduct a free financial master-class for all who will listen. I am thankful that Berkshire exists for all of these reasons and more, and would happily cede a small edge to the S&P500 for the benefits I've received.

Phil