The $50 billion Internet company

Appearing before the Financial Crisis Inquiry Commission on May 26, 2010, this is what Warren Buffett had to say:

“The Internet was going to change our lives, but it didn’t mean that every company was worth $50 billion that could dream up a prospectus.”

 

Advertisements

Aftermath of boom and bust

In the aftermath of the boom and bust, many lose out completely and the world moves on

#RidingTheRollerCoaster – 44

What we learn from crisis

When asked whether we will learn anything from this (2008) crisis, Jeremy Grantham answered: “We will learn an enormous amount in the short term, quite a bit in the medium term and absolutely nothing in the long term.”

 

#RidingTheRollerCoaster – 37