The Private Companies Are Worth More Than the Stocks

The private businesses that we control have gotten to be a bigger and bigger percentage of the thing. And I would guess that that will continue, wouldn't you or I'm sure it'll continue. The difference is when we're right about stocks, it shows up in market value and in net worth. When we'reright about businesses, it doesn't jump out at you the same way changes in stock values. So it's a different sort of build up of value.