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(May 3, 2008) Warren Buffett sounds the alarm about “too big to fail” financial firms that have taken on too much risk to manage, and Munger call the housing bubble a “particularly foolish mess.” They also urge investors to quickly take advantage of market dislocations because they don’t last long, a...

(May 3, 2008) Warren Buffett sounds the alarm about “too big to fail” financial firms that have taken on too much risk to manage, and Munger call the housing bubble a “particularly foolish mess.” They also urge investors to quickly take advantage of market dislocations because they don’t last long, and Buffett worries about what he calls the “primary problem of mankind.”

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