May 21, 2008
Warren Buffett in Madrid
While I haven’t had enough time to parse through all of the news that is coming out of Madrid, I thought I would include a few links to articles about the trip for you.
I think the tidal wave that hit various financial institutions since last August has largely been recognised and felt… In terms of the effect on the economy in the United States, we don’t know, but I think it will be longer and deeper then many people do. There could well be a lot to come.
I believe in correcting mistakes, so better late than never, and that’s the reason I’m here now… There are going to be more large acquisitions, possibly, in Europe than in any part of the globe.
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