The Undervaluedness of Berkshire Stock

Charlie and I do not think Berkshire stock is undervalued. We would not be selling, we would not sell a part of your interest in Berkshire at a price which we did not feel was adequate for the present shareholders. That doesn't mean it's unfair to new shareholders but we're not going to sold any shares frequently on a new offering. You see, you see, present holders but I have very close to 100% of my net worth in Berkshire and please make quite happy.