Larry Fink of BlackRock has predicted that in the near future all investors will be using ESG environmental social governance metrics to help determine the value of a company I'm worried we don't score well on everything from climate to diversity to inclusion how well do you think Berkshire measures up on those metrics and are they valuable metrics I think in reality we measure up well but we don't we don't participate in preparing reports for anybody that asks about it and we have this this idea that uh even though all shareholders are equal we sort of we we prefer individual channels we actually prefer people we know uh as co-owners and we don't want to be preparing uh a lot of reports and asking 60 subsidiaries each to do something whether they'll set up a team and then mail things to headquarters and then we'll Supply them to somebody who if our stock goes up some is probably going to sell them anyway we want our managers to do the right things we give them enormous latitude to do that and I think that our batting average really is quite good you saw the in the movie we talked about having a hundred percent of the electricity we sell an I I will come from essentially one generation that is a mean that we could do it 24 hours a day we saw some and we buy them but essentially we will be creating as much wind energy as all of our customers use electricity there's one competitive well it's it's there's one other utility electric utility that's about our size and roughly our size in Iowa and they they have they have practically no wind uh resources and the wind blows where they exist too but we have we will have that hundred percent as a matter of fact it's a moving Target because we do so well uh partly we do so well on on on wind generation that a number of the high-tech companies want to locate in Iowa and get clean energy from us at very low prices and therefore the moving Target becomes our growth in customers in that area but we're not going to put out a re we're not we are not going to spend our the time of the people Berkshire Hathaway energy uh responding to questionnaires are trying to score better with somebody that is working on that it's just uh We Trust our managers and I think the performances is at least decent and uh and we keep expenses and needless reporting down to a minimum of Berkshire we do not get I mentioned this in the annual report I don't I can't imagine another company like it but here we are the 500 billion in market capitalization we do not have a consolidated p l monthly we don't need it uh I can't imagine any other organization doing that but we don't need it and uh we're not going to tie up resources people resources doing things we don't need to do just because it's the sort of standard procedure of in Corporate America and Corporate America is very worried about in general they're very worried about uh whether somebody's going to upset their apple cart you know and with activists and everything so they want to be very sure that every shareholder is is Happy on issues like that and and then fortunately we don't have to worry about that so we don't have to run up a lot of expenses uh doing things that don't actually let us run the business uh better Charlie well I think in Berkshire the environmental stuff is done one level down from us and I think Greg Abel is just terrific at it and so I think we'll score very well when it gets the so-called best corporate practices I think the people talk about them don't really know what the best practices are they just know what they think are the best practices and they determine that based on the whole cell not not local work and so I like our way of doing things better than theirs and I hope to God we never follow their best practices I'd like to point out one thing on Independent directors I mean I've been on 20 public company corporate boards not counting any Berkshire or subsidiary so I've I've seen a lot of corporate boards operate and uh the independent directors in many cases are the are the least independent I mean if if the income you receive as a corporate director which typically may be around 250 000 a year now if that's an important part of your income and you hope that some other Corporation calls the CEO and says how's so-and-so is a director and they the currency your CEO says oh he's fine and never raises any problems uh and then you get on another board at 250 000 and that's an important part how in the world is that independent I mean it's I really just on observation I I I can't recall particularly any independent director where their income was from the board was important to them I can't recall them ever doing anything in board meetings or committee meetings that actually was counter to the interest you know what they put them on the comp committee I mean they they're just not going to upset the apple cart because what they're and I would I'd probably behave the same way in the same position I mean if a 250 000 years important to you why the hell would you behave in a way that's going to cause your CEO to say to Mexico say this guy acts up a little bit too much you know you really better get somebody else it's the way it works but it's a little worse than Warren's telling you yeah Charlie and it's really awful it was awful I mean we know that Warren and I are we occupy the nets for pombosity very well ourselves we don't need any more of it Charlie and I were on one board well I was on one board actually a long time ago where we owned a very significant percentage of the company and the rest of the board was almost exclusively customers of the company but not owners they had absolutely token Holdings and at one point we were looking at something where a tax decision was being made in terms of the distribution of some Securities and it was a lot of money it was involved and one of the other directors said well let's just swallow the tax well his swallowing amounted about 15 or something and I said let's parse those sentence out let's swallow attacks that's let us swallow the tax so who wants to swallow an equal amount you know to me it's it's you don't you don't get invited to be on boards if your belched too often at the dinner well Blue Chip Stamps we had a director who said I don't see why you guys you've got to be so important just because you own all the shares yeah Harley Charlie and I used to have to cool off after the Blue Chip Stamps means because we we and Rick Aaron owned what percent probably yeah 50 yeah 50 and they'd appointed all the team members of the Rotary Club it came out of a government settlement or something and and uh it was not an ideal form of of decision making and they just had a different calculus in their mind that they didn't and and I can understand it but I'm not going to replicate it okay Greg