Subject: Re: Bloomstran annual letter is out
Why does Bloomstran publish his report a couple of days before Berkshire annual report comes out? It seems he is better off to incorporate the annual report info into his analysis of Berkshire by publishing a couple of week after the annual report. Seems a bit of gamesmanship to me.

On page 92 of this year's letter, Bloomstran explains, "I was asked last year why I labor to estimate Berkshire’s year-end financial figures in such detail, albeit with remarkable accuracy, and why not just wait for the company to report results and then drop the actual numbers into my models and spreadsheets. The answer is that in laboring so beforehand, with Berkshire and all of our companies, the process makes me think. I want to think about the details about what’s going on with each moving part of the company. With the onslaught of AI, I fear fewer and fewer will understand the importance of doing so with the passage of time. Why read every Value Line page each week? Similarly, people ask me why I write such a voluminous annual letter (I sometimes ask myself that very question). The answer is that, again, the process makes me think, which leads to a better understanding of Berkshire and our other portfolio holdings."