QuestionerMr. Buffett, will you groom a younger man or woman as your heir apparent?
WarrenWe have today the people to take over Berkshire. There's no problem about that at all. They have been named in letters that the directors have, and they are in place. Exactly who will be the two people will, of course, or it could be one person, will depend on when Charlie and I are out of the picture. I mean, if we'd written the letter 10 years ago, it might have been different than today, it might be different 15 years from now. So our death or incapacity, the timing of it will determine exactly who will be the current person in that letter. But we have those people in place. They don't need to be groomed from this point forward. They exist. They're ready. They'd be ready to run. Berkshire tomorrow morning, and I think you'd be quite pleased with the job they did, and that's why I don't worry about having, I've got 99 and 3 quarters percent of my net worth in Berkshire. And, you know, I don't want any of it sold. If I knew I was going to die next week, I would not want it sold in the coming week, and I don't want it sold after I die. I feel very comfortable with the businesses and the managers and the successor top management that we have at Berkshire. But I just don't want them to take over too early. I think the... that the capital, the fresh cash would be allocated less well. But as I've said it passed shareholder meetings, well, that's too damn bad. That's why we don't have a public relations department. By the way, I don't think the job would be ill done. I just don't think it would be done quite as well as Warren does it.