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Home Financial Derivatives are financial weapons of mass destruction.

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Derivatives are financial weapons of mass destruction.

Polly, November 28, 2014

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-Warren Buffett

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Should you find yourself in a chronically leaking boat, energy devoted to changing vessels is likely to be more productive than energy devoted to patching leaks.

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When you combine ignorance and leverage, you get some pretty interesting results.

Polly

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Only free men can negotiate; prisoners cannot enter into contracts. Your freedom and mine cannot be separated.

Only free men can negotiate; prisoners cannot enter into contracts. Your freedom and mine cannot be separated.

Innovation has nothing to do with how many R & D dollarsyou have, When Apple came up with the Mac, IBM was spending at least 100 times more on R & D. It’s not about the money. It’s about the people you have, how you’re led, and how much you get it.

Innovation has nothing to do with how many R & D dollarsyou have, When Apple came up with the Mac, IBM was spending at least 100 times more on R & D. It’s not about the money. It’s about the people you have, how you’re led, and how much you get it.

It’s not the tools tha you have faith in -tools are just tools. They work,or they don’t work . It’s people you have faith in or not. Yeah, sure, I’m still optimistic I mean, I get pessimistic sometimes but not for long.

It’s not the tools tha you have faith in -tools are just tools. They work,or they don’t work . It’s people you have faith in or not. Yeah, sure, I’m still optimistic I mean, I get pessimistic sometimes but not for long.

These technologies can make life easier, can let us touch people we might not otherwise. You may have a child with a birth defect and be able to get in touch with other parents and support groups, get medical information, the latest experimental drugs. These things can profoundly influence life. I’m not downplaying that.

These technologies can make life easier, can let us touch people we might not otherwise. You may have a child with a birth defect and be able to get in touch with other parents and support groups, get medical information, the latest experimental drugs. These things can profoundly influence life. I’m not downplaying that.

It’snot what you say out of your mouth that determines your life, it’s what you whisper to yourself that has the most power!

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As individuals, people are inherently good. I have somewhat more pressimistic view of peoplein groups. And I remain extremely concerned when I see what’s happening in our country, which is in many ways the luckiest place in the world. We don’t seem to be excited about making our country a better place for our kids.

As individuals, people are inherently good. I have somewhat more pressimistic view of peoplein groups. And I remain extremely concerned when I see what’s happening in our country, which is in many ways the luckiest place in the world. We don’t seem to be excited about making our country a better place for our kids.

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