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You Need A Lot Of Curiosity For A Long, Long Time.
-Warren Buffett
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You Need A Lot Of Curiosity For
Warren Buffett
You Need A Lot Of Curiosity For A Long, Long Time.
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[the U.s. Treasury] Can Borrow Basically Unlimited Amounts. They Can Stay There For Years And Years. These Assets Will Be Worth More Money Over Time. So When Merrill Lynch Sells A Bunch Of Mortgage-related Assets At 22 Cents On The Dollar Like They Did A Month Or So Ago, The Buyer Goes - Is Going To Make Money, And He's Going To Make A Lot More Money If It Happens To Be An Institution Like The U.s. Government Which Has Very, Very Cheap Borrowing Costs.
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