QuestionerMr. Buffett, from your perspective, as an investor, what keeps you awake at night?
WarrenWell, that's a good question, and that's one I always ask the managements of our subsidiaries as well as any new investment. I want to know what their nightmare is. I would say that, and I think I speak for sure, I'll let them do it, but we really don't worry. You know, we will do the best we can, and when we have capital allocated, Sometimes it's very easy to do. Sometimes it's almost impossible to do. But we're not going to worry about it because the world changes. And if we had something we were worried about in the business, we would correct it. I'm not worried about anything. I'm not really worried about, you know, we can lose a billion dollars on a California earthquake. But I'm not worried about it, although I have a sister who's in the audience that lives in California. I've told her to call me quickly. the dogs start running in circles or anything like that. But there's, you know, if you're worried about something, things can do is get it corrected and get back to sleep. And I can't think of anything I'm worried about at Berkshire. That doesn't mean that I have any good ideas as to what we should be doing with a whole lot of money that we have around. But, you know, I can't do anything about that except keep looking for things that I might understand and do something with the money. And if they aren't there, they aren't there, and we'll see what happens tomorrow and next week and next month and next year.
WarrenCharlie, what are you worried about me?
CharlieWell, in the 30-some years I've been watching you, I would say what it takes to make you not sleep at night is an illness in the family. Short of that, Warren likes the game. I like the game. And even in the periods that look tough to other people, it's a lot of fun. It's a lot of fun. It's a lot of fun. It's a lot of fun.