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It's not "proof by fiction" but a parable. He and Warren have always traded based on fundamentals, and he's saying the fundamentals got lost along the way. It
by david927 17y ago
It's not "proof by fiction" but a parable. He and Warren have always traded based on fundamentals, and he's saying the fundamentals got lost along the way. It's a fair point.
- deleted 17y ago[deleted]
- yungchin 17y agoAs a completely uninformed person, can I ask whom "the good father" in the parable refers to? I have to say that while parables can be very powerful, this one only so thinly veils reality, that it confuses more than it helps.
- GFischer 17y agoI guess it's an amalgamation between Benjamin Franklin, Lee Kwan Yew.. and I can't recognize the third (Google suggests Paul Volcker)
- yungchin 17y agoAha - thanks! The good father indeed sounds like Volcker: http://economix.blogs.nytimes.com/2009/12/17/paul-volcker-finds-a-hammer/ http://economix.blogs.nytimes.com/2009/12/17/paul-volcker-fi...