Showing posts with label Warren Buffett. Show all posts
Showing posts with label Warren Buffett. Show all posts

Tuesday, March 3, 2009

Why I love Warren Buffett

Who else can not only get away with this, but for such wisdom be revered by his audience, most of whom paid somewhere near $148k a pop to hear such gems. Warren Buffett on credit derivatives, which create dependence and entanglement across financial markets:
Participants seeking to dodge troubles face the same problem as someone seeking to avoid venereal disease. It's not just whom you sleep with, but also whom they are sleeping with.
Truer words have never been spoken.