The Impact of the Insurance Industry on Berkshire's Insurance Business

An immense amount of information is put in very usable form. If I were running a business school, we would be teaching from Value Line charts. Price action has nothing to do with any decision we make. With the consolidation and the insurance industry, how do you think that will affect Berkshire's insurance businesses? How do you think your policy of partnership and fair dealing has enhanced or detracting from your investment returns?