Berkowitz on Consuelo Mack

[oec2000]

dwy000,

 

Great explanation that puts things in perpective!

 

It seems logical that the risk of another AIG is significantly reduced today because of AIG 2008. But, it is human nature to want to fight the last war.

 

oec

[Uccmal]

Thanks dwy000, worth its weight in gold.

[biaggio]

Thanks dwy000.

 

Do you think the insiders/CEO's of these organizations have a feel for the risks?

 

i.e. can we take a lazy approach and follow the management when they invest their own money especially when they appear to be trading so cheaply?

 

Banks seem to get into bad situations regularily- South American Debt Crisis, S& L crisis, sub prime crisis etc over the years, yet they seem to be able to grow/work their way out of them/

 

Thanks again

[Grenville]

I have moved this thread to a new topic to make it easier to find in the future.

 

Here is the link to the thread:

 

http://www.cornerofberkshireandfairfax.ca/forum/index.php?topic=5312" data-ipsquote-contentclass="forums_Topic" 56718;topicseen#msg56718