pleniv01

2 Comments

How to Default on Your Mortgage and Stay in Your House [view article]
If my back was against the wall, and it isn't, I would certainly be influenced in my decision by what morality and integrity I have seen in the banking and legal system in America. Investment bankers, bankers, and lawyers would exploit every conceivable loophole, profit from it, and be glorified and rewarded for it. So why would I, as Joe Citizen, somehow step forward and 'man up', if it meant putting my family on the street. Would my bank cards, my mortgage holder, the IRS, the corporate raider about the downsize me, or anyone else 'do the right thing' if there was a way around it? Hardly. Sorry America. You reap what you sow. May 17 10:57 PM
Barron's Pans Berkshire [view article]
I was at the BRK meeting last year and of course the question of
succession arose. WB said he was looking for not one but several
successors, each of whom might handle a chunk of investing. This
company is a winner, long term, and I think in this environment trying
to figure out the value of anything is, actually, the problem. I do
agree that if the writer had any real expertise on company valuation,
he would not be working as a Barron's journalist. And, in my mind, I
will put my money where WB puts his money. If someone credible has a
better suggestion, let me know. Dec 16 11:03 PM

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