Subject: Re: Bloomstran: “The stock was overvalued”
"'one' being the crossover from investor to operator"

And yet, that is what seems to be happening with BRK; shifting focus from finding new places to invest excess cash (WEB) to generating more cash from existing businesses (Greg). Ajit and the insurance operations are the ballast that carries BRK through all storms. I have no idea what they are going to do with all that cash, but it is a good problem to have.

abromber