Warren Buffett on Value Investing, Repackaging Toads, Google
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lzhang Wed Oct 31, 2007 2:54 am    

Warren Buffett on Value Investing, Repackaging Toads, Google 
Mr. Buffett is so humorous. It is always a pleasure to read about and listen to him.


Warren: One of the lessons that investors seem to have to learn over and over again, and they will have to learn it again in the future, is that not only can you not turn a toad into a prince by kissing it, but you also can't turn a toad into a prince by repackaging it.

Warren: I would say things would have to change a whole lot before we would be investing in North Korea. I'm flattered that you asked that question, because I am 77 years old and the fact that the day might come in my lifetime when North Korea offers an investment opportunity is kinda flattering.


http://www.cnbc.com/id/21529525
 
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