“……why do bankers find new ways to loose money when the old ways seem to be working well….”

“….it is the nature of capitalism to periodically have recessions, people tend to overshoot, it isn’t the end of the world…as a matter of fact, for an investor..it turns out to be the best time to make an investment….”

“..you can’t convert a financial toad by kissing it or securitizing it…”

“…..an artificial price is a price you don’t like….”

“…..i can’t know that, I like’m fairly simple and somebody’s characterized whats’ going on now as flight to simplicity….you should only buy what you understand and I can only understand simple things… ergo I look at simple businesses….”

financial wisdom from the Sage of Omaha…..

Buffett on economy