My thoughts on Information Technology in general, Open Source in particular with a dash of Business Management thrown in. Note to readers (both human and machine) - I started this blog in the year 2004. Some posts are decades old, while others might have been written yesterday. Please note the published date of a post while enjoying its content. Thank you for being here. "Live long and prosper" 🖖. ~ Tyrell
Tuesday, October 07, 2008
Warren Buffet on the Crisis, Bailout and Related Issues
He makes quite a few analogies. I loved the one on using resuscitation. Basically what he says is that, this isn't the time to blame the patient for not exercising or not coming to regular checkups or being greedy. This isn't the time to argue on where to place the resuscitation device, whether it should be more to the left or to the right. We just need to resuscitate the patient and try to save his life.
He also talks about accounting standards and practices towards the end too. A lot to learn from the "Oracle of Omaha" . The best 55 minutes of this week so far.