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14,167 Posts.
118
30/12/08
09:50
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interesting what happens when your down and out
when your successful you can do no wrong
but when your down and out everybody likes to put the boot in
shines a whole new light on other social problems like homelessness and unemployment
ie he smells he must be dirty
he is unemployed he mustn't be a good worker
etc etc
the thing is all OZLs problems started when the tide went out and commodity prices fell
that then exposed managements shortcomings in handling debt
and what does Warren Buffett say when the tide goes out?
He says
when the tide goes out you can see who is swimming naked.
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