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01 March 2008

Quote of the Day

"As house prices fall, a huge amount of financial folly is being exposed. You only learn who has been swimming naked when the tide goes out — and what we are witnessing at some of our largest financial institutions is an ugly sight."

--Warren Buffet, in his annual letter to shareholders

Posted by Chiaroscuro _ on March 1, 2008 at 02:59 PM in Asides | Permalink

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