[Buffett Lambastes Bankers, Insurers for ‘Greed,' ‘Stupidity'
By Erik Holm and Andrew Frye May 4 (Bloomberg) -- Berkshire Hathaway Inc. Chairman Warren Buffett lambasted bankers, insurers and regulators for being blind to the possibility home prices could fall, and said their shortcomings caused the worst ...
“I think that virtually everybody associated with the financial world contributed to it,” Buffett said of the crisis. “Some of it stemmed from greed, some from stupidity, some from people saying the other guy was doing it.”
Buffett Plays Down Hoopla, Hope Wall Street Journal Berkshire looking to deal CNNMoney.com
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[December 12, 2008 The Big Apple: “Never ask a barber if he thinks you need a haircut” (business proverb)
"Never ask a barber if he thinks you need a haircut” is an old business proverb. The barber is in the business of cutting hair; he doesn’t make money if you don’t get a haircut. If you ask a sales specialist if you need to buy that particular product, he’ll always say that you do. Investor Warren Buffett made this one of his investment proverbs.]
Never ask Buffett when to invest. [TNM]