Tuesday, October 07, 2008

Warren Buffet on the Crisis, Bailout and Related Issues

He makes quite a few analogies. I loved the one on using resuscitation. Basically what he says is that, this isn't the time to blame the patient for not exercising or not coming to regular checkups or being greedy. This isn't the time to argue on where to place the resuscitation device, whether it should be more to the left or to the right. We just need to resuscitate the patient and try to save his life.

He also talks about accounting standards and practices towards the end too. A lot to learn from the "Oracle of Omaha" . The best 55 minutes of this week so far.