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Stocks B / Berkshire Hathaway
|Subject: Re: Still cheap at 4 year high||Date: 10/7/2012 8:29 AM|
|Author: mungofitch||Number: 194713 of 214649|
Here's something that could lead to your 75-90% drop in a year.
Here's another number to ponder as the euro crisis rumbles on.
2010 US-based banks total assets to US GDP: 0.8x
2010 Euro-area based banks total assets to US GDP: 3.5x
In short, I wouldn't lose sleep over what US firms are doing in Europe,
I'd lose sleep over what the European banks are doing.
By the way, that's a bizarrely good article with oddly insightful
comments on it as well (read them in reverse order though).
Makes you despair for the future of the uselessness of the internet.
Now I'll have to go watch a video of Maru to recover.
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