Wednesday, October 24, 2007

Warren Buffett on Commodities

I should point out, this was dated 2006.

Once price history takes over it creates envious neighbors. Speculators are like Cinderella at the ball having a great time, but at midnight everything turns to pumpkins and mice. As midnight approaches the party gets to be more fun, and everyone thinks they'll get out before midnight. The problem for Cinderella is that there are no clocks on the wall.