Sun, 01 Mar 2009

Buffett Accepts Blame and Faults Others

Gosh, guess I'm not alone in seeing derivatives as weapons of mass financial destruction and identifying them as the root cause of the meltdown. In fact, it seems I'm in pretty good company, investment adviser wise anyway. Better company than the blowhards whining about taxes, deadbeats and socialism, anyway.

In his letter to shareholders, Warren E. Buffett was uncharacteristically critical of himself and the business world at large.

(link) [New York Times]

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