Friday, August 24, 2007

Buffett on what it's worth...

What you hope to get is usually different than what you'll actually get, and the spread increases as demand decreases.  Banks are finding this out the hard way. 

In one way, I'm sympathetic to the institutional reluctance to face the music. I'd give a lot to mark my weight to "model" rather than to "market."

Source: Jason Kelly | Home

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