The Value of Berkshire to the World

The value of Apple to the world has been iPhones. The value of GEICO is cost effective auto insurance. 3G and I will tell you that there aren't some shareholders who would be arguing about here but the value of 3G is improved operations. But about Berkshire I just don't know. In managing Berkshire subsidiaries as Mr. Munger once famously said you practice delegation just short of abdication. So hands on management can't be the answer. It means the majority of Berkshire subsidiaries would do just as well if they were to stay independent companies.