{"id":3800,"date":"2009-04-14T18:57:25","date_gmt":"2009-04-14T22:57:25","guid":{"rendered":"http:\/\/chimeraobscura.com\/vm\/?p=3800"},"modified":"2009-04-14T18:57:27","modified_gmt":"2009-04-14T22:57:27","slug":"warren-buffett-was-right","status":"publish","type":"post","link":"https:\/\/chimeraobscura.com\/vm\/warren-buffett-was-right","title":{"rendered":"Warren Buffett was right!"},"content":{"rendered":"

. . . Still, when he said that derivatives were WMDs, I don’t think he meant this<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

. . . Still, when he said that derivatives were WMDs, I don’t think he meant this.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[27],"tags":[641],"class_list":["post-3800","post","type-post","status-publish","format-standard","hentry","category-big-business","tag-warren-buffett"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p4C7K-Zi","jetpack_likes_enabled":true,"jetpack-related-posts":[{"id":1492,"url":"https:\/\/chimeraobscura.com\/vm\/he-hath-a-way","url_meta":{"origin":3800,"position":0},"title":"He hath a way","author":"Gil","date":"May 5, 2007","format":false,"excerpt":"Berkshire Hathaway just held its annual meeting, in which Warren Buffett fields questions from shareholders. For six hours. He's 77. I'm just sayin'. Anyway, the Wall Street Journal had some highlights from the Q&A (I think it's $-to-read, but that's probably why Rupert Murdoch bid $5 billion for it, and\u2026","rel":"","context":"In "Big Business"","block_context":{"text":"Big Business","link":"https:\/\/chimeraobscura.com\/vm\/category\/big-business"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1572,"url":"https:\/\/chimeraobscura.com\/vm\/mistakes-were-made-by-me","url_meta":{"origin":3800,"position":1},"title":"Mistakes were made (by me)","author":"Gil","date":"July 2, 2007","format":false,"excerpt":"Here's a neat little article on Warren Buffett's willingness to learn from his mistakes. \u00c3\u201a\u00c2\u00a0A key to investing well is a willingness to look stupid, Buffett says. \"Most managers have very little incentive to make the intelligent-but-with-some-chance-of-looking-like-an-idiot decision,\" Buffett wrote in 1984. Most would prefer \"failing conventionally.\" He added: \"Lemmings\u2026","rel":"","context":"In "Big Business"","block_context":{"text":"Big Business","link":"https:\/\/chimeraobscura.com\/vm\/category\/big-business"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":2293,"url":"https:\/\/chimeraobscura.com\/vm\/catch-a-fire","url_meta":{"origin":3800,"position":2},"title":"Catch a fire","author":"Gil","date":"August 21, 2008","format":false,"excerpt":"I don't agree with all of this guy's points about the future of digital books vis a vis the success of the Kindle. I'm optimistic that the presence of the Kindle and other e-readers will help drag book publishing out of the horrifically dysfunctional returnable bookstore model that it's currently\u2026","rel":"","context":"In "Big Business"","block_context":{"text":"Big Business","link":"https:\/\/chimeraobscura.com\/vm\/category\/big-business"},"img":{"alt_text":"","src":"http:\/\/www.assoc-amazon.com\/e\/ir?t=virtualmemories-20&l=as2&o=1&a=B001CBMX7Y","width":350,"height":200},"classes":[]},{"id":5413,"url":"https:\/\/chimeraobscura.com\/vm\/unrequired-reading-july-2-2010","url_meta":{"origin":3800,"position":3},"title":"Unrequired Reading: July 2, 2010","author":"Gil","date":"July 2, 2010","format":false,"excerpt":"I not only managed to wrap the Top Companies ish by the deadline, I also managed to get you a full dose of Unrequired Reading this week! Now get to reading! Now that I'm done with the big issue, I can get back to writing here on VM! I still\u2026","rel":"","context":"In "Comic books & strips"","block_context":{"text":"Comic books & strips","link":"https:\/\/chimeraobscura.com\/vm\/category\/literature\/comics"},"img":{"alt_text":"","src":"http:\/\/www.assoc-amazon.com\/e\/ir?t=virtualmemories-20&l=as2&o=1&a=0312428227","width":350,"height":200},"classes":[]},{"id":3873,"url":"https:\/\/chimeraobscura.com\/vm\/the-big-stall","url_meta":{"origin":3800,"position":4},"title":"The Big Stall","author":"Gil","date":"May 1, 2009","format":false,"excerpt":"This lengthy WSJ article on how Chrysler got into this mess is pretty informative. In some respects, it's just another story of how private equity execs were geniuses when credit was cheap, but became dumb when they actually had to come up with ways to run the businesses that they'd\u2026","rel":"","context":"In "Big Business"","block_context":{"text":"Big Business","link":"https:\/\/chimeraobscura.com\/vm\/category\/big-business"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":4555,"url":"https:\/\/chimeraobscura.com\/vm\/george-on-the-block","url_meta":{"origin":3800,"position":5},"title":"George on the block","author":"Gil","date":"October 20, 2009","format":false,"excerpt":"As I mentioned a while back, one of my favorite recent discoveries is NYC Grid, in which blogger Paul Sahner posts a new photo essay of a block of NYC each day. About a month ago, he covered 72nd St., between York and FDR. I found this post fascinating, especially\u2026","rel":"","context":"In "literature"","block_context":{"text":"literature","link":"https:\/\/chimeraobscura.com\/vm\/category\/literature"},"img":{"alt_text":"1565461.1","src":"https:\/\/i0.wp.com\/chimeraobscura.com\/vm\/wp-content\/uploads\/1565461.1.jpg?resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/chimeraobscura.com\/vm\/wp-json\/wp\/v2\/posts\/3800","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/chimeraobscura.com\/vm\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/chimeraobscura.com\/vm\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/chimeraobscura.com\/vm\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/chimeraobscura.com\/vm\/wp-json\/wp\/v2\/comments?post=3800"}],"version-history":[{"count":2,"href":"https:\/\/chimeraobscura.com\/vm\/wp-json\/wp\/v2\/posts\/3800\/revisions"}],"predecessor-version":[{"id":3802,"href":"https:\/\/chimeraobscura.com\/vm\/wp-json\/wp\/v2\/posts\/3800\/revisions\/3802"}],"wp:attachment":[{"href":"https:\/\/chimeraobscura.com\/vm\/wp-json\/wp\/v2\/media?parent=3800"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/chimeraobscura.com\/vm\/wp-json\/wp\/v2\/categories?post=3800"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/chimeraobscura.com\/vm\/wp-json\/wp\/v2\/tags?post=3800"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}