
There's an excellent interview with Warren Buffet up on Charlie Rose's site.
This is the full interview (almost an hour) but worth it. He isn't called the Sage of Omaha for nothing.
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Today, according to Forbes,
http://www.forbes.com/financialadvisernetwork/2008/10/18/buffett-berkshire-bestbuy-pf-ii-in_jr_1018guruscreen_inl.html
Warren says: "Be fearful when others are greedy, and be greedy when others are fearful."
Isn't that derivative thought? Isn't that a huge part of the philosophy behind derivitive markets, and the mess we are in?
He may be rich and might get richer, but is he really part a solution, or a clue as to the root problem?
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