Friday, March 14, 2008

New Definition of Thinking Outside the Box

I am behind on my "daily" blogging, so I wonder if that makes me a "slogger"; a combination of blogger and sluggard?

I just finished reading three great quotes, all from Mr. Warren Buffet, Chairman of Berkshire Hathaway, Inc. and the richest man in the world.

The context of the first quote relates to the home mortgage crises. He insightfully says, "As house prices fall, a huge amount of financial folly is being exposed. You only learn who has been swimming naked when the tides goes out - and what we are witnessing at some of our largest financial institutions is an ugly sight."

The second statement is more biblical: "The biblical command to 'be fruitful and multiply' is one we take seriously at Berkshire." I would suppose so. The gain in net worth at Berkshire in 2007 was $12.3 billion!

I believe Mr. Buffett is 84 years old. Keep that in mind as you read the last quote: "I've reluctantly discarded the notion of my continuing to manage the portfolio after my death - abandoning my hope to give new meaning to the term 'thinking outside the box.'"

My next blog will get back on track - the Gospels, and putting myself in the story. I hope you are daily reading along with me through the Gospels.

PrairieParson
JB


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