Sobre la crisis de crédito

He encontrado esta frase en una de las cartas que Warren Buffet escribe anualmente a sus accionistas, y me ha encantado:

"It is interesting that the industry has invented new ways to lose money when the old ways seemed to work just fine.", by John Stumpf, CEO of Wells.

También estaba este párrafo, que a más de uno le recordará la situación en cierto país europeo de cuyo nombre no quiero acordarme:

"[...] just about all Americans came to believe that house prices would forever rise. That conviction made a borrower's income and cash equity seem unimportant to lenders, who shoveled out money, confident that HPA – house price appreciation – would cure all problems. Today, our country is experiencing widespread pain because of that erroneous belief. As house prices fall, a huge amount of financial folly is being exposed. You only learn who has been swimming naked when the tide goes out – and what we are witnessing at some of our largest financial institutions is an ugly sight."

Podeis encontrar todas estas cartas en http://www.berkshirehathaway.com/letters/letters.html