Imperial Metals (IPM.T) Message Board

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Gold/Mining/Energy : Imperial Metals (IPM.T)

IPM 1.980

+2.1%

3:59 PM EST

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To: Italian Investor who wrote (926)	9/19/2011 4:31:32 AM
From: refugee investor	Read Replies (1) of 1366

Saw it this morning. One point he did not address was the possibility that people do not act rationally when under great stress, and by people I mean government and management too. If there is a crisis gov.s will panic and do something and throw the rulebook out the window. And management can get hypnotized by the daily headlines and lose their cool--like the recent BAC Buffett deal. Panic feeds on itself where financials are concerned and becomes reality. With any luck most of that is behind us, in the US at least. But still a good interview and I am sure he is right. The key will be to stay liquid and brave enough to enjoy BAC with a $40 book in 20 yrs. I like Brk more and more now, they have the cash and cash flow to profit from trouble worldwide more than anyone else I can think of. In hindsight I would have done better personally letting Buffett speculate in BAC for me than trying to do it myself. :-(

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