The 1/4 wasn't great, but 10 billion in buybacks was big news to all of us.

I thought the quarter was very solid.
We know that insurance results are going to be lumpy depending on current underwriting conditions.
BNSF, energy and the mfg & services divisions are all improving.
The street was hoping for buybacks at least equal to the second quarter number, and the buybacks more than doubled expectations.
Abel is doing everything in his power to move the needle.
He is getting underneath the hood of the subsidiaries and getting them optimized.
He is very aggressively buying back stock.
He bought Oxy Chem which closed in January, and the homebuilder Taylor Morrison 7/24, and made the Google investment.
A pretty great first 9 months, in my view.
Excited to see what moves come next.
Looks like if Abel were hit by a truck tomorrow, Adam Johnson would be next man up.