Wednesday, December 26, 2007

How Does He Do It?

Warren Buffet is making noise in the stock market again, and he's doing so by purchasing in American company. Many call this "a vote for America".

How is it that Buffett can reveal the secrets to his investment strategies (invest in things you understand) and still do so much better than everyone else? He was right to bet on a declining dollar in 2005. Will he be right to bet on a rising America at the close of 2007?

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Compared with the totality of knowledge which is continually utilized in the evolution of a dynamic civilization, the difference between the knowledge that the wisest and that which the most ignorant individual can deliberately employ is comparatively insignificant. ~Fredrich Hayek in The Constitution of Liberty