You know Bobo, this is a very sensitive subject.... mostly because companies abuse the VISA privledge.
I've seen it happen time after time. They let a guy into this country to help finish a critical project. When the project is done, or if it get's killed, they move him to another group, while us AMERICAN's get the shaft!! Whether that's good or bad, I don't know. But I do know one thing... it's costing American jobs.
I saw one guy go from engineering to marketing to product management, while he was under the VISA program. I don't think we need special marketing skills from overseas... As far as the INS is concerned he's still an engineer. The company protected his butt because nobody had the heart to lay off some guy who brought his whole family over and most likely can't get another job if he got axed. So he survived 3 layoffs in 3 diferent groups, while all his counterparts got shafted.
The system has some serious flaws. You want good talent? Pay your critical employee's $250,000 a year with stock options and bonus plans... and you won't see good talent run off to the nearest startup!!.. and you won't have the need to hire from abroad... and you won't have engineers longing to do marketing or moving into management at 25.... Anybody can be a manager. How many can be an engineer?! And that's the problem we have with our current slacker CEO's and executives screeming about lack of talent... There's plenty of talent!... they just don't know how to use it!
It seems to me Buffett is doing nearly everything within his investment universe about as well as could be expected from someone considered nearly the best. It seems to me that the S & P should be tanking not Berkshire. Isn't a serious drop in the market exactly wht Berkshire wants?
Hasn't Buffett been preparing for the worst in the insurance cycle for some time?
Isn't BRK more prepared for the future than 99% of the competition?
Isn't BRK more prepared for the internet age than nearly any other similar business?