Subject: Re: Berkshire's decline
Who in their right mind would want to buy the transmission lines?

The existing owners, I guess?

If done as a spin-off, existing shareholders wouldn't have a choice. They could then decide to sell their shares in TransmissionCo, and the market would find some sort of clearing level. There's a price for everything.

The new bosses of TransmissionCo would presumably then put a huge fraction of cash flow into disaster insurance from Berkshire : )
Again, there is a price for everything.

Jim