can name several others that are part of that loss that i would not hold any longer. >> yeah. >> so, robert, if you're comfortable holding ibm, comfortable, i assume, holding some other things that mr. buffett has, my question for you is at what point do you personally become uncomfortable with a holding? what is -- what does your sell discipline tell you is the right time to get out of a position? >> well, i'm a long-term investor. so if the general conditions of the business are irreparably damaged, then i'm a seller. but i have owned berkshire hathaway for 20 years. and it is the largest position in my portfolio holdings and i'm very comfortable with it. buffett made other mistakes. he has lost money on conocophillips, the very name of his company is -- his biggest investment in the stake, which he's quantity tiesed at $100 billion. so even though he's a great investor, he has made mistakes. >> the washington post company, that was a newspaper that was top of the world in the 1970s and into the 80s. then, you know, it was sold for $200 million, which is really a pittance now that there w