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.

Unsettling news of the day

The Dow Jones closes below 6800, its lowest level since April 1997. Lost decade, indeed.