Tuesday, May 13, 2014

Sooner Or Later...


Sage advice...

"I try to buy stock in businesses that are so wonderful that an idiot can run them.  Because sooner or later, one will."

- Warren Buffett


12 comments:

Anonymous said...

Because members of most modern credit unions are clueless concerning who is running their credit union, and it is almost impossible to hold board accountable,a significant internal control concern needs to be addressed. Autonomous Boards make irresponsible decisions. Stock companies may eventually be run by idiots, were credit unions structure leads to a situation when many credit unions are always run by idiots.

Anonymous said...

It is amazing that we have survived as an industry to this point...with such poor internal controls and cooperative structure. I guess the safe passage through the financial crisis was just dumb luck? Idiot management and idiot Boards exist in the for-profit banking world too...see Certus Bank...just saying.

Anonymous said...

A man once leaped off the Empire State building. As he passed the 64th floor someone heard him yell: "So far! So Good!"

Anonymous said...

Chicken Little once said...

Anonymous said...

Yes! She is...

Anonymous said...

That's not fair. There is a big difference between being an idiot and being stupid.

Anonymous said...

Can you do both?

Anonymous said...

There are several "Robusterians" from Duke Street have achieve stupid idiot status. Watch the Board vote on RBC regulation to get a certification of the status.

Anonymous said...

You "Can't Fix Idiocy." That would be stupid.

Anonymous said...

Would it be stupid or idiotic to not convert to a mutual bank if NCUA passes the RBC regulation in its present form?

Anonymous said...

Mama always said, "stupid is as stupid does"

Anonymous said...

Looks like Sen. Franken has discovered a future source of comedy material at ncua.

"Heard the one about RBC.."