TTI Electronics Distribution

Berkshire acquired TTI 11 years ago, more than doubling its pre-tax earnings to about $400 million due to fine organic growth and at least two successful bolt-on acquisitions. Can you please talk about the competitive landscape and the electronic components distribution industry and what TTI's advantages are? Is it just a great industry to be in or is TTI's business model and or management team special? Do you expect it to remain one of Berkshire's faster growing non-insurance subsidiaries?