henarl

Never Listen to the Rating Agencies

Buffett's portfolio has taken hits before and recovered bigtime. He is still a multi-billionaire. Who do you listen to? Take a page from Buffett's book and do your own research. It will always be somewhat of a gamble but hopefully you can slant the odds slightly in your favor.

Never Listen to the Rating Agencies

The rating agencies are just another part of the whole corrupt Wall St. bunch. Only the naive would believe ANYTHING that analysts, brokers, raters, bankers, or anyone else in the financial industry says. Include politicians and bureaucrats among the corrupt also. And, since Paulson is part of both of these groups, he is the most corrupt of all. Now he wants Congress to release the other 350 billion to spread around to his Wall St buddies. And, if they can get the earmarks they want, they'll probably do it.
Disgusting!!

The Bottom's Within Sight - Barron's

carey_jim: You are correct, no system or government is inevitable and, unfortunately, that includes the great system that George Washington and others established with the American Revolution. The government we now have is a far cry from what was established in 1776. Of course the United States will not cease to exist but it will probably exist in a much more socialistic form than in the past. My point was that, even in it's future form, whatever that may be, there will still be Elites and Slobs and it is personally preferable to be an Elite if you can manage it.

The Bottom's Within Sight - Barron's

josil: You are correct, there are the elites and there are the slobs - and that is in ANY form of organization or government. This has always been and always will be. Rather than wasting energy trying to change the inevitable "system", just try to become one of the elites.