Buffett quotes are really timeless.
He says something along the line of
1) "When the tide recedes, you will find who is the naked swimmers"...
2) "A rising tide raises all boats"
In good times(rising tide), fraudsters or ponzi scheme and lousy strategic decisions by lousy CEOs can all be masked. There is virtually no difference between good and bad decisions or CEOs. But when the tide recedes, you will find who are the one who are good and who are the fraudsters.
No comments:
Post a Comment