Weyerhaeuser is a bigger, more complicated company. They're tackling some very tough things, but some of these things you can't resolve overnight, even though Wall Street is obsessed with the short term.

One of the great things about Berkshire Hathaway is it has one of the best balance sheets and cleanest accounting on the planet, ... And if anything has come out of this period of time, it's that all this sort of fundamental and flaky stuff that's gone on during the bull market has come home to roost.

What we do is quite different from 99.9 percent of Wall Street.

This is a foliated area now and by making ball fields, you clear that away and there will be significant erosion, ... It's on the (Red) river and when it floods, as it regularly does, the fields will be part of the river. This will negatively impact the beautiful wildlife and our quiet neighborhoods.

Having less exposure to the U.S. is the key.