'Don't count on us to foresee who the winners will be' in EV space, says Warren Buffett

My name is Humphrey Lou and I am from Charlottesville, VA. I asked the question last year and wish to pose it again. It can be considered a follow up. There is something to be said for traditions. It is the same question but it is a changing and different world. We are in looking at global trends. It increasingly does seem that zero emission vehicles may have finally reached the cusp of massive adoption. Do you see any opportunities in this space, either in specific vehicle manufacturers or in related technologies? As an addendum, I will note that Berkshire has very relevant interests in Energy Pilot Flying J and BYD. Thank you. Yeah, well, we will. I hope you’re right and massive adoption is has been sort of a moving target so far, but I hope we get there, but Berkshire would not be. I don’t think that we bring any special talent to that field. You’ve got vehicle manufacturers and I would certainly not know how to pick the winners in an industry like that. But I’ll be delighted if there there are some winners. But don’t count on us for seeing who the winners will be and don’t count on us for predicting when something will happen. It obviously has been a moving target so far and it is an incredible problem that society faces and and it it may be that that it may be that governments are not very good at solving it for a while. It it’s it’s all of climate changes have got a terrible problem just in the fact that you know in effect that the United States particularly has been the one that’s caused the problem the most. And then we’re asking poorer societies to say, well you’ve got to change the way you live because we lived the way we did And you know that that really hasn’t been settled yet. It you know, it, it it, it’s a fascinating problem to me, but I don’t have anything to add to how you really slice through the world. When I was born in 1930, there were just essentially 2 billion people in the world population statistic. Now there’s 8 billion. Now, if you’d asked anybody in 1930 if you’d take the 50 smartest people in the world and you said, what’s the optimum population for the world when you’re 93 years old, they would have not said 8 billion. It wouldn’t be anybody who would have been close to it. But we did it. Now we’re reaping some of the consequences of having having done that, and we got the benefits in the United States. I’m exaggerating here to some extent, but the developed world basically got it. And then we’re telling a whole bunch of other people that we want them to change the way they’re lived live because of the way they live. We we lived the way they lived. So we will see what happens with it. But that’s that’s a problem that that is very, very, very hard to solve to solve among a couple hundred countries. And I really don’t have anything to be to be to contribute art.