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It's interesting that I had such a close relationship with my grandfather. Because your parents always judge you: they say, 'You shouldn't do this, you shouldn't do that.' But with your grandparents you have a feeling that you can say anything or you can do anything, and they will support you. That's why you have this kind of connection. ↗
Over and over again, financial experts and wonkish talking heads endeavor to explain these mysterious, 'toxic' financial instruments to us lay folk. Over and over, they ignobly fail, because we all know that no one understands credit default obligations and derivatives, except perhaps Mr. Buffett and the computers who created them. ↗
