This market crashing will reveal who has been swimming naked, and one of those groups could be the government itself.
- “Only in winter can you tell which trees are truly green. Only when the winds of adversity blow can you tell whether an individual or a country has steadfastness” – John. F. Kennedy, American President, 1961 – 1963.
For too long now, the government has made promises it knows it cannot keep. But broken promises are not really the problem. The real problem is a society that is naive enough to actually believe the promises. Too many people believe the government is responsible for saving them from their own inadequacies. Many people believe the government is like their fairy godmother, a mythical person who can wave a magic wand and all their financial problems will disappear. A society that believes in fairy tales is not a mature society.
- “It’s only when the tide goes out that you learn who’s been swimming naked” – Warren Buffett, American business magnate, investor, and philanthropist and chairman and CEO of Berkshire Hathaway. Leave a comment.