: And don't we know it. And he doesn't, you know, he doesn't makecalls overall on the economy too much, what the Fed should do. He likes tobuy businesses that are going to be worth more in the future. But we still aregoing to have to ask him today, what about--is this different? How much paindo we need to get out from under all these weapons of mass destruction?Look what it's done so far. What kind of slowdown will it be? It's going to begreat.
Yeah. And given...
: All right.
: ...sort of the data we had last week, is this a matter of reality setting in, or is the situation actually getting worse than we thought itwas going to be?
: You don't like hearing a huge owner of insurance companies thatthe party's over, either...
: The party's over.
: ...from someone who would know, I think. Right, Beck?
: Right. Right. That all came from the annual letter that Mr. Buffettput out to shareholders on Friday afternoon. And, guys, now that we've givena little bit of a hint of what we might be starting off talking about, why don'twe bring him in right now.Warren, I want to thank you very much for joining us today. Again, WarrenBuffett, Berkshire Hathaway, joining us, guys. I should point out, we are liveat the Nebraska Furniture Mart. Behind us and all around us, this is the
CNBC’s Squawk Box – “Ask Warren” TranscriptPage 3 of 84