Quotes of the Day

On liquidity, there’s nothing but money running around. Money, money everywhere, but not a drop to drink. It’s extraordinary, but situations like this always end the same way. It looked similar back in ’69 when I closed my partnership. It has affected a lot of people, and everyone has gotten complacent. The problem with a complacent world is that people end up taking more risk. We can easily have an event that changes everyone’s perspective in a hurry. And we will have such an event. (emphasis ours)
– Warren Buffett

There will be immense fortunes made in Canada if oil goes to $200. (again emphasis ours)
– Charlie Munger

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