QuestionerYou've explicitly stated you do not consider diversity when hiring for leadership roles in board members. Does that need to change, and are we missing any investment opportunities as a result?
WarrenWe will select board members, and we lay it out, and we've done so for years, and I think we've been much more explicit than most companies. We are looking for people who are business savvy. shareholder oriented and have a special interest in Berkshire. And we found people like that. And as a result, I think we've got the best board that we could have. They're clearly not in it for the money. We want our shareholders to walk in the shoes, I mean, our directors to walk in the shoes of shareholders. We want to care a lot about the business and we want to be smart enough so that they know enough about business that they know what they're they should get involved in or what they shouldn't get involved in. Well, years ago, I did some work for the Roman Catholic Archbishop of Los Angeles. And my senior partner pompously said, you know, you don't need to hire us to do this. There's plenty of good Catholic tax lawyers. And the Archbishop looked at him like he was an idiot and said, Mr. Peeler, he says, last year I had some very serious surgery and I did not look around for the leading Catholic surgeon. That's the way I feel about board members.