Buffett’s Squanderville: A Classic
Buffett’s biggest flaw might be his inability to time the market. In 2003 Buffett wrote about the growing US debt and the future impact of the growing burden. Well we all know that from 2003-2007 anyone having a negative outlook on the market looked stupid in the short-term. Now looking back it is clear, once again, about Buffett’s long term thinking and his warning of a coming problem. This is classic Buffett, explaining complex economic concepts in a folk-style story.