Subject: Re: RW, on Gregs letter
"Rational Walk: “Berkshire shares represent a solid way to stay rich, but not a quick way for those with limited capital to get rich. I trust that Mr. Abel is fully attuned to the wishes of Berkshire’s longtime shareholders and will resist temptations to cater to those who will attempt to alter Berkshire’s conservative and defensive qualities.”"

Hear hear!! This is exactly what it is all about for us long term investors- a storer of wealth with the decent possibility of outsized gains. This is why I never understand why anyone would talk about dividends with this particular equity. We don't want them and it has been clearly stated that management not only doesn't want them, but goes to great lengths to explain why. I loved the letter. Greg said NOTHING that varies from the ethos of what Warren always wrote about. Couldn't have asked for anything better!