Quote of the day (on Warren Buffett)
An article in today's NYT discusses the similarities between the current financial crisis and another one in 1907, and the similar roles played in those respective crises by Warren Buffett and JP Morgan. On Buffett's recent investments in Goldman Sachs and GE, the financial historian Ron Chernow said this:
"It's a high-risk moment, and I think he may have ventured into the waters prematurely," said Mr. Chernow, the historian. "But Warren Buffett is worth many billions of dollars, and I am assuredly not."
Neither am I.