QuestionerYou have spoken of impending inflation, government death, both here and abroad that's higher than we're accustomed to, increased regulation and red tape that may slow innovation and growth. And yet in the same day, you'll say our own children here in this country will live better than we do today. Can you give me four or five facts that explain your optimism?
WarrenHaving the main technical problems of civilization, which, of course, are all, energy related. Having a solution that's on the horizon and nearly here, that is not a small benefit to humanity. That is the biggest single problem we have. So of course I'm optimistic about that. And I'm optimistic about the culture that generally pervades in Berkshire because I think it will continue to work. And of course it gives me some pleasure to see people that have had it tough for a long time through their own extreme efforts and talents rising rapidly, as in many parts of China and India. All of that gives me pleasure. And why shouldn't it? Of course, they're terrible problems and of course reduced expectations are the rational way. There is no better way to be happy than getting your expectations down. It's much easier than getting your results off. It's just, we never know anything here except the most elementary common sense. It's amazing that it's sufficed for us. So, no, I'm optimistic about life. I can be optimistic when I'm nearly dead. Surely the rest of you can handle the little inflation.
CharlieI really have nothing to add to that.