Haim, Being a student of Buffett (from a very distant perspective),
I'm familiar with and understand the story of why Graham wouldn't hire him. Further, I admit to being an idealistic, romantic. There really is no support for my position other than being an idealistic, romantic; i.e., a silly Irishman.
However, I refuse to use the "OT" on this issue. Clearly, if the powers that be, at the moment, are allowed to divide and conquer on this issue, we are lost!
Several years ago, I started writing a book. One of the chapters I call the "Pirates." I note that it is no coincidence that that the pieces of eight of yesterday, are now eights of a point on Wall Street. All the laws and regulations, have not saved a single sheep from being sheared. It is almost funny to see what happens when the Boys become the regulators.
Clearly, Mr. Bond's sins represent but a pimple on Wall Street. He is charged with skimming a few million, when the NAZ pleaded guilty to skimming billions.
Nonetheless, I believe we all owe a duty to promote a fair "system." Again, I'm a idealistic, romantic.
Berney |
