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  • Our approach has worked for us. Look at the fun we, our managers, and our shareholders are having. More people should copy us. It's not difficult, but it looks difficult because it's unconventional - it isn't the way things are normally done. We have low overhead, don't have quarterly goals and budgets or a standard personnel system, and our investing is much more concentrated than average. It's simple and common sense.

    "Charlie Munger Speaks". Charlie Munger's comments on Berkshire Hathaway and Wesco at the 2000 Wesco Financial Annual Meeting, www.fool.com. May 15, 2000.