QuestionerI have a question about Microsoft. You have gotten into the tech world with buying Apple. You have Mr. Gates there. I'm just wondering why you've never bought Microsoft.
WarrenWell, in the earlier years, it's very clear. The answer is stupidity. But the, but since Bill has, particularly since Bill has joined the board, but even earlier than that, because of our friendship, it would be, it just would be a mistake for Berkshire to buy Microsoft because if something happened a week later, a month later, in terms of them having better earnings than expected or making an acquisition, anything, both Bill and I would incorrectly, but would be a target of suggestions and accusations, perhaps even, that somehow he had told me something or vice versa. I stay away from, I try to stay away from a few things, just totally, because the inference would be drawn that we might have talked, I might have talked to somebody about something. So I've told the, I've told the fellows that Ted and Todd, example that there are just a few things that are off the list because there'd be a lot of people that wouldn't believe us if something good immediately happened after we bought it. And of course, to buy a lot of stock, you can take six months to buy it or something of the sort. We just don't need it. But both that of my stupidity, of course, is a lot of money. But it's a very, it's a good question, and I think the answer makes sense. But Charlie?
CharlieWell, it's part of theology that a late conversion is better than ever. And you greatly approved yourself.