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Not everyone is struggling

Discussion in 'Finance & Banking' started by Mark Laszczuk, 12th Sep, 2008.

  1. Mark Laszczuk

    Mark Laszczuk Well-Known Member

    Joined:
    16th Aug, 2005
    Posts:
    793
    Location:
    Brisbane
    How Warren Buffett avoided the subprime crisis - Sep. 11, 2008

    This article is a great example of how a well run business can weather financial storms. Clayton's policy of not lending to every person under the sun, chasing profits at huge risk and offloading that risk to anyone stupid enough to buy it means there is a very good chance that your business will not only survive, but thrive.

    I wonder what Lehman's management thinks of that...

    Mark