The Country’s Economy is in Good Hands….

“I don’t know anything about cars,” – Edward E. Whitacre Jr.

Warren buffets economic advice is:”straightforward: distrust debt; build in a margin of safety; be in there for the long term; don’t invest in something you don’t understand.”

Sources:
bloomberg.com, Whitacre Vows to ‘Learn About Cars’ as GM Chairman (Update1) , Amy Thomson and Katie Merx, June 10, 2009 17:36 EDT

guardian.co.uk, Inside the mind of a colossus, As we enter a global recession, the life of Warren Buffett, the world’s richest – and thriftiest – man, is more salutary than ever, Ruth Sunderland, The Observer, Sunday 26 October 2008

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