Subject: Re: Hopes, for Greg’s first letter?
I am afraid Greg will constantly have tremendous pressure put on him to "do something" with all that cash, and I would rather have a more aggressive buyback strategy or even a stupid regular dividend in place verses having Greg constantly pressured into making a very large (and possibly disastrous) acquisition.

Do you really think the hand-picked CEO of a trillion dollar company will be pressured into buying something just to buy something?

Abel is patiently waiting. Just like Buffett was patiently waiting. And the longer you wait the higher likelihood something bad will happen, which will be good for Berkshire.

All this angst about Abel bowing to Wall Street to prove himself is pretty comical. They've never bowed to Wall Street.