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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Jurgis Bekepuris who wrote (40134)	11/18/2010 9:36:06 AM
From: Mr.Gogo	Read Replies (1) \| Respond to of 78783

People suck and cope in Bulgaria and probably Lithuania. And the results of this behavior are there. 99% of the population lives in poverty (talking about Bulgaria) 1% are super rich, compared to the rest.With pensions of 150$ per month and food and energy prices 50% higher than US and Canada. This is all the result of sucking and coping. Awarding mediocre results and saving the incapable (car manufacturers) is not Darwinian and as far as I know Mr. Munger likes his theories. And I have total respect for Warren Buffet for what he does. But this time I totally disagree with what he says. Georgi

To: Jurgis Bekepuris who wrote (40134)	11/19/2010 7:30:15 PM
From: Walter Bagehot	Respond to of 78783

Agree fervently; Buffett is right. If confidence in the banking systems had been lost, the entire system would have been far, far worse. Look now at Ireland, Greece and Portugal - dithering got them there. Most people do have a pretty good life with less hardship than many - in the UK, the government minister who was fired today for saying exactly that was nonetheless right. May not have been a politically correct sentiment, but opportunities and ability to recover are far higher for most people today. Anyway...back to value investing...?