tag:blogger.com,1999:blog-5465015914589377788.post5113616977537939107..comments2024-03-20T09:32:16.592-04:00Comments on Michael James on Money: Buffett’s Annual Shareholder’s LetterMichael Jameshttp://www.blogger.com/profile/10362529610470788243noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-5465015914589377788.post-86230407806099017072012-02-27T08:46:25.814-05:002012-02-27T08:46:25.814-05:00@Value Indexer: There are definitely some cases w...@Value Indexer: There are definitely some cases where the lenders and borrowers deserve each other.Michael Jameshttps://www.blogger.com/profile/10362529610470788243noreply@blogger.comtag:blogger.com,1999:blog-5465015914589377788.post-31176591574085799572012-02-27T00:21:23.176-05:002012-02-27T00:21:23.176-05:00I didn't think of this while reading the lette...I didn't think of this while reading the letter, but the kind of person who refinances their house to the max while the price doubles probably doesn't stick all of that in a savings account :) I guess the bank took phantom profits and the consumer took phantom enjoyment, and then everyone woke up at the same time.Value Indexerhttp://valueindexer.wordpress.comnoreply@blogger.com