"Buffet and Munger doubtless know what they're doing, but any time a private investor gives you advice you have to take it with at least a grain of salt."
"And here I always thought student chow (dry Ramen) was the bottom of the food slope.
So we as a species fight our way up the food chain so we as individuals can skid down the food slope - there's a visual for the new millenium."
"If they want to save money, why don't they cut the millions and millions of dollars they pay every year to high level execs who do nothing but lie to stockholders?"
"Hey, remember you're dealing with the mathematically deficient who didn't under ARMs - people who weren't smart enough to figure out that 12 per cent of a quarter mil is a lot more money per month than 5 per cent.
Seriously, this is why there is a subprime mortgage to begin with - because there are a hell of a lot of people who had absolutely no business trying to pay for a house."
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