Berkshire's Experience in Property Casualty at the Time

In 1974 Berkshire had a worse combined ratio than gi- than Geico 1975. They're kind of close I mean Good Berkshire wasn't quite as bad. Yet Berkshire Was never in threat of bankruptcy and they're able to go on the offensive during this period Every crisis basically in their history. This is because it's a very competitive environment, right? It's too competitive a lot of the competitors are also doing really badly including Berkshire So maybe you could talk a little bit about Berkshire's experience with insurance at that time. Yeah. Um Because that was one main thing too.