Monday, 2 March 2009

You and me both, Warren

Warren Buffett admits that he made some "dumb" mistakes during the past year.

In his annual letter to investors in his company Berkshire Hathaway, he said the errors included buying stakes in two Irish banks.

Is there an emoticon for a rueful grin? Having spent most of my working life dealing with bankers, mostly Irish, I never thought the day would come when I could reproach myself for being too trusting of them.