QuestionerYou mentioned earlier that investors don't really have to be struggling in picking the right stocks. They would do well in picking probably the right market of the right country. China is the second largest economy and probably has the biggest growth potential. Just by passively weighting a portfolio, by passively evaluating a portfolio, U.S. investors are significantly underweight in China. So in your opinion, what are stopping the investors from investing in China? Thank you.
WarrenWell, I think the answer is that you're absolutely right, that we are, American investors are missing China, and they're missing it because it's a long way away. It looks different. They're not used to it. It's complicated. The headlines confuse them. In other words, it's a long way away. It just looks too hard, sitting in Omaha to outsmart the Chinese market. But I think you're absolutely right. It's where they should be looking. Okay. We've actually had a couple of investments in China. We've done pretty well, but there were, well, if you go back a number of years, one of the prior to better times, in terms of getting a lot of money into something, you know, many billions. And we have to get billions into things to move any kind of a needle. That can be tougher in markets that you've got, you're unfamiliar working in, and it's difficult under any circumstances, but accumulating a six or eight or ten billion dollar position in investments outside the United States can be very difficult.