Wednesday, June 24, 2009

Buffett Intereview on Bloomberg

What kind of recovery do you see?
Warren Buffett: I really have no idea. What i do know is that America will go on to set new records...We're in a stall now...

What is too much leverage:
Warren Buffett: The leverage, and the interconnectedness of that,.. there is really only one way that a smart people can get in trouble and that's leverage. We had these incentives built into every institution to pile on leverage...