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From the article. Buffet: "I wasn't worried because I knew the government would do the right thing.". I think it's screwed up that currently a good investment d
by math 16y ago
From the article. Buffet: "I wasn't worried because I knew the government would do the right thing.". I think it's screwed up that currently a good investment decision is one that assumes you'll get bailed out if things go badly. What happened to the concept of risk? This mentality is a major problem for the well being of the global economy.
- Estragon 16y agoHe's talking his book here. Don't forget his huge purchase of Goldman Sachs around that time. You could just as well rephrase what he said as "I wasn't worried, because I knew the economic and financial policy of the USG is completely controlled by the commercial finance industry."