Tag: Warren Buffet

 

Ever been to a youth soccer match and watched the cute little 5 year olds running around randomly kicking the ball towards an unattended goal?  Did you think it was great that they weren’t keeping score in the game, letting everyone come out feeling like a winner and basking in the experience of the thrill of competition exhibition?

 

Unfortunately these kids grow up to work on Wall Street, where apparently no one loses anymore.  Wall Street is loaded with winners this week, well at least in the last two days.  Meanwhile, taxpayers are gobbling up businesses as if we’re a collective Warren Buffet.  Well, except for the fact that Warren Buffet buys businesses that make money and have strong management.  All the businesses we’re buying suck.

When you and I make bad decisions, we’re forced to deal with the consequences.  The only exception is if that bad decision somehow affects Wall Street.