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I reckon it applies just as equally to me. An underlying assumption of my equity investment is that the real businesses I invest in won't get blown to hell by a systematic liquidity freeze - I have an expectation that the institutions set up to protect the real economy from the financial economy in a financial crisis will do what it takes. If I didn't have that belief I would probably invest in gold and build a bunker rather than invest in productive assets that are structurally reliant on a liquid financial system.

Where the line is on who gets saved and who doesn't as a by-product of securing the physical economy is a valid area of debate - especially when it comes to banking loses - not a debate I want to have though and I have not enough information to know if Buffet got favouritism or just played the expectations and probabilities like the rest of us do.

Yesterday seems to put paid to that little ray of sunlight - wrong again.

<blockquote data-quote="craft" data-source="post: 898211" data-attributes="member: 16447">I reckon it applies just as equally to me. An underlying assumption of my equity investment is that the real businesses I invest in won&#039;t get blown to hell by a systematic liquidity freeze - I have an expectation that the institutions set up to protect the real economy from the financial economy in a financial crisis will do what it takes. If I didn&#039;t have that belief I would probably invest in gold and build a bunker rather than invest in productive assets that are structurally reliant on a liquid financial system. <img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" class="smilie smilie--sprite smilie--sprite1" alt=":)" title="Smile&nbsp; &nbsp; :)" loading="lazy" data-shortname=":)" />Where the line is on who gets saved and who doesn&#039;t as a by-product of securing the physical economy is a valid area of debate - especially when it comes to banking loses - not a debate I want to have though and I have not enough information to know if Buffet got favouritism or just played the expectations and probabilities like the rest of us do. Yesterday seems to put paid to that little ray of sunlight - wrong again.</blockquote>

[QUOTE="craft, post: 898211, member: 16447"] I reckon it applies just as equally to me. An underlying assumption of my equity investment is that the real businesses I invest in won't get blown to hell by a systematic liquidity freeze - I have an expectation that the institutions set up to protect the real economy from the financial economy in a financial crisis will do what it takes. If I didn't have that belief I would probably invest in gold and build a bunker rather than invest in productive assets that are structurally reliant on a liquid financial system. :) Where the line is on who gets saved and who doesn't as a by-product of securing the physical economy is a valid area of debate - especially when it comes to banking loses - not a debate I want to have though and I have not enough information to know if Buffet got favouritism or just played the expectations and probabilities like the rest of us do. Yesterday seems to put paid to that little ray of sunlight - wrong again. [/QUOTE]

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