Tuesday, December 11, 2007

Nothing Changes

http://boards.fool.com/Message.asp?bid=115980&mid=26174539&sort=postdate

Excerpt taken from Seth Klarman's book Margin of Safety talking about CBOs. Change the B to a D and presto you have the exact same thing happening 17 years later.

As I have said quoting the great wise King Solomon...nothing is new under the sun.

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