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  • I have pledged - to you, the rating agencies and myself - to always run Berkshire with more than ample cash. We never want to count on the kindness of strangers in order to meet tomorrow's obligations. When forced to choose, I will not trade even a night's sleep for the chance of extra profits.

    Letter To the Shareholders of Berkshire Hathaway Inc., www.berkshirehathaway.com. February 27, 2009.
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