Warren Buffett thinks the FED did the right thing in stepping in on Bear Stearns. He and Berkshire Vice Chairman Charles Munger talked humorously on investing, the economy and life. Buffett is 77 and Munger is 80 and assuming they'll live to be 100. "We are only aging at 1-1/4% a year. Some firms (CEOs) are aging at 2%. Think about how risky that is." My comment: If we want to live longer,we must live spiritually in high-definition of economics in addition to the stock market in this mundane world. We invest in eternity with faith,hope and love in this world and the next... ad infinitum for all living homosapiens in the transient stage.
Robert Hagstrom published "The Warren Buffett Way" Almost everyone is curious about the ups and downs of the market. "Up" is upstairs in the next world and "down" would be down-to-earth on earth. My motto is:"Yi Ren Wei Ben" in Pin Yin i.e. the human factor must be taken into consideration in the knowledge industry known to all investors in this mundane world.
"The Francis Shieh Way" may be found in my blogs with humor with the understanding of the MIX of private and public sectors via Sino-American Economics to realize the needed cooperation and collaboration of two nations on both sides of the Pacific as members of the Security Council of the United Nations for peace and economic development for humanity.
Francis Shieh a.k.a. Xie Shihao on May 14, 2008 at 11.27 a.m.
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