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Why Buffett, Grantham, and China Are All Buying
Looking back, the signs of a market tops and bottoms are so obvious. Hindsight is 20/20 and all that. When you’re in the middle of it all though, it’s not nearly as easy to see.
During the peak over the past couple of years a lot of records were made.
For instance, CEOs booking eight and nine figure paydays. The average bonus at Goldman Sachs passing $600,000. Thousands of part-time real estate flippers getting rich a bit too easily.
There were lots of them.
But a lot of that money was spent – err – squandered. It wasn’t saved. The smart money was saving.…
19Feb2009 | Q1 Publishing | 0 comments | Continued
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