Blog on the Run: Reloaded

Saturday, February 28, 2009 11:58 am

Quote of the day

Filed under: Quote Of The Day — Lex @ 11:58 am
Tags: , ,

From Warren Buffett, in his annual letter to Berkshire Hathaway shareholders, on the inscrutability of the derivatives market: “Participants seeking to dodge troubles face the same problem as someone seeking to avoid venereal
disease: It’s not just whom you sleep with, but also whom they are sleeping with.”

Paraphrase (and a very light paraphrase it is) of the day, from the same source: I didn’t expect the price of oil to drop the way it did, and I therefore cost the company billions.

(h/t: Ed)

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