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First recorded activity by BoatBanter: Jul 2006
Posts: 10,492
Default If this keeps up...

On Sat, 8 Aug 2009 13:46:25 -0700, "Calif Bill"
wrote:

I have done well in the investments also. But a lot of the growth is vapor.
The government, and Wall Street pumping up dogs. How can AIG be profitable
now? All the sudden banks with billions of bad loans are showing big
profits. Mark to Market shenanigans?


One of Warren Buffet's favorite sayings is don't invest in companies
that you can't easily understand. I think it's good advice. If you
can't figure out where the money is coming from, that's not a good
business model. Let somebody else understand it, or not.

 
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