“ Buffett does everything he can to make T and T look, better than they have done. This has been a HUGE disappointment to me, a 30-year brkhead.”

Well this 15-year BRK head is fine with Warren NOT shining the Broadway stage lights on T&T detailed trades. “Praise by name and criticize by category,” as Warren has said. I have, not surprisingly, heard zero criticism from WEB or the late CTM of these 2 loyal and Uber-talented lieutenants. No sensible owner wants to air any constructive criticism in public (IF there is any). Warren & Charlie have always been First-class and lived and managed by the Golden Rule. I love that! Looking back, I/we would pull in managers during an annual review and praise them, as well as deliver a bit of constructive criticism behind closed doors.

I imagine T&T might be hanging around the index returns (like a lot of us) since coming on board in 2011 or so, so @12% returns, that’s a double every 6 years by my math, so their initial $20B may now be $80B. I say TYVM! Glad I am managing a few peanuts with unlimited opportunity vs. their current management of $20B each.

WEB, Greg & the Directors know these gentlemen very very well. I suspect they are loyal and multi-talented lieutenants that have BRK in their genetic code. Even WEB has admitted at times T&T are outperforming him, but let’s face it, Warren is managing and allocating over a half Trillion dollars!

I truly appreciate these gents, as well as every employee busting their *SS for us as owners and facilitating me Not working! It’s been yet another quite “satisfactory” (as WEB says) year as a Berkshire owner, up ~ 25% as a $1T conglomerate-Crazy, so I say to Warren & ALL members of team Berkshire, TYVVM!!! May there be many more decades of such “satisfactory” returns for us all.