"History is a wonderful thing, if only it was true"

Monday, March 03, 2008

The Naked and the Dead

(title a nod to the late Norman Mailer)

Warren Buffett sums it up well.
Reminds me of being on Greek Isle of Mykonos, known for nude beaches.
Well, sitting in a cafe, noting the passers by, we decided that mostly they were folks we'd just as soon not see without their clothes...

Tough time for insurers? - WSJ.com:

"'As house prices fall, a huge amount of financial folly is being exposed,' Mr. Buffett, 77 years old, wrote. 'You only learn who has been swimming naked when the tide goes out -- and what we are witnessing at some of our largest financial institutions is an ugly sight.'"

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