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.
Monday, October 06, 2008
Warren and Charlie mix it up
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.
Today, according to Forbes,
ReplyDeletehttp://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?