That seems reasonable to me. But I guess therein lies the rub. I get impression that many BH shareholders feel Warren and Charlie will be better at deploying that capital than they will.

oh I'm sure they're the best, they wouldn't have been so successful for as long if they weren't, but it does leave a slight concern (to me) if the absolute best people at running a company think there's no way to generate better returns than bonds at 5% it doesn't paint a great picture for likely growth in the near future...