"It's only when the tide goes out that you learn who's been swimming naked."
The Economist recalls a Warren Buffett classic quote that feels very timely right now: "It's only when the tide goes out that you learn who's been swimming naked." When everyone is enjoying good times, you don't know who has taken on excessive risks. Now that many mortgages are going bad, it's harder to borrow money, and a few hedge funds have failed, it's becoming apparent a few "swimmers" will have a tough time staying afloat.
年龄: 44
