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-- -- thank you very much for speaking with us do you have any updated numbers on attendance and the sales of on the floor yeah.
Our best guess is that we set a record for tennis but we never know.
The exact number -- people come and go the one thing we do know is we're sending -- for sale at a stop by the Geico vote they've already sold quite the do more policies and we rehearsal before sales of Nebraska furniture mart which were 36 million for the five with seven days last year are running way ahead of last year or so.
We're going out of business I I I have to believe are more people who was talking -- -- they said they sold a thousand sold out a thousand boxes of.
Peanut brittle it's just unbelievable they didn't do it as early as -- said that they did last yeah -- -- danger.
-- -- -- people before and a good move when they come here and we try to make sure they translate that good mood in the business for us.
You said in the meeting today that when the Fed starts to scale back the asset purchases or cut them that it will be quote.
The shot heard round the world that's somewhat of a dramatic statement where did you first anticipate we'll see it in treasuries.
In currencies in equities.
You'll see it everything I mean but I don't know what it I don't know what it'll -- like everybody that.
Purdue is -- actively markets.
Not me but people are buying and selling by the day and that sort of thing they're all looking to the Fed as to one -- Now that doesn't in the stocks without water short it does mean that every single trader.
Will react in some significant way and they will have to -- arbitrators.
Don't imagine the treasury yields might spasm.
Well the president is gonna raise rates rates will go up how much they think they're going to raise rates will determine immediate reaction.
But generally speaking when -- let's start moving in one direction keeps moving in that direction for -- Warn you said that the dollar here in the US will remain in the world's reserve currency does that mean that you are long the dollar you taking any currency that's one lawyer and -- Dollar re not really we.
Have to take me on Coca-Cola we're getting earnings from all over the world and that's -- -- Margaret businesses but I do not have a I do not I do believe that the dollar will be the world -- -- -- for a long all safe haven now and how exactly it it means that it just means that.
People because that we can have a lot of inflation here we're gonna have more inflation here than some other country.
So the dollar could decline against certain other currencies but it will be the reserve currency in my view for him.
A long time let's talk about your.
Things you -- operating profits up 41% -- derivatives position nearly more than doubled I believe.
Bennett the -- thing he took a swipe -- thanks for having such large derivative positions on their books is a little bit disingenuous that you hear Berkshire have such a large -- its position yet.
You criticized the banks for them.
-- we don't have a larger position we we we have 200 name some derivatives contracts.
I remember a camera Lehman numbers -- shouldn't -- -- seven or 800000.
-- I know every single contract out and and they are specific.
Contracts that I don't miss priced at the time.
Committed to them I still feel that was the case and implement money on but.
We want bought a company that 23000.
And I was scared silly I couldn't wait to get out of those positions as -- way it's going between contract.
-- We had an interview with bill Johnson CEO -- and he told us that he's disappointed that he's not being asked asked to continue to run Heinz.
He said that it would said that he'd be very happy to have them be the -- that you weren't in charge of the operating part of with a three G with -- you did the deal with times would be.
He seems like the classic Berkshire manager.
He's disappointed to feel a little badly about him leaving.
I haven't talked him -- about that I mean I I have I would have to hear what specifically does it is I've not heard that from.
Do you think that it that he -- been a great person to -- he had been written but I I don't know anything specific that I've heard word from him we'll speak enough managers you have a brand new board member -- your board to thirteen Merrill Whitman RY Merrill would machine becomes the third female.
And a third under sixty years -- Yeah we've got six structures under under sixty they are the directors of the future.
And so happens that three women now on and anchorman and -- but all of them have -- qualities we look for other.
-- business savvy.
They are they are Cheryl are oriented and they are strong interest in Berkshire and -- -- -- to -- -- And we now have six and summed it up and running Berkshire.
The markets as we finish and and I can just say we people are getting very excited about -- 151000.
If the Fed is not in place.
Is that less realistic to seek -- 155 for 161000.
We -- when I was I have no idea what stocks -- -- weaker Alitalia someday.
The -- so far in excess of what it does now -- that we are here -- here now but.
But businesses will become more valuable in dollar terms over time the good businesses and cross section of American business so.
And -- bought a farm in nineteen.
I'm an article and so if you buys it that's 28 years if you buy stocks now won't warriors that we worked a lot more money.
Thank you mr.
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