QuestionerIf Donald Trump becomes the President of the United States and recognizing your public criticism of him and your public support for Hillary Clinton, what specific risks, regulatory policy, or otherwise, do you foresee for Berkshire Hathaway's portfolio of businesses?
WarrenThat won't be the main problem. Well, government is a very big factor in our business and in all businesses. I mean, there's the very broad policies that affect practically everybody, and sometimes there can be some pretty specific policies. But I will predict that if either Donald Trump or Hillary Clinton becomes president, and one of them is likely to be, very likely to be, I think Berkshire will continue to do fine. I'm afraid to get into this area. Businesses managed to take care of itself, and for a good reason, because it contributes to, and has been the engine of a market economy that's delivered output that is staggering by the imagination of anyone that might have existed 100 years ago. 20 years from now, there'll be far more output per capita in the United States in real terms than there is now. In 50 years, it will be far more. and the quality will get better and no presidential candidate or or president or president is going to end that. They can shape it in ways that are good or bad, but they can end it.