Bruce Greenwald on the balance sheet

[ImAWiseguy123]

what did he mean at 6.58:

"But don't forget, when the market goes down 50, and up 50, it is down 75" ?

[sasda]

@ImAWiseguy123

it means that you started with 100% -> down 50 -> 50% -> up 50 -> now you are at 75% (because 50% * 1.50 = 75%).

I think he meant to say it's down *to* 75

[themightyhomer]

The squeaking noises are in your head

[evilclown99]

Warren Buffett is the best.

Great links

Google - clicky links warren buffett

[DJGelbart]

whats with the squeaking noises?

[observer855]

Thanks for posting.  Any ideas for where I can get the rest of this?

[hsbc2468]

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