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.0
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As a shy kid growing up in Sheffield, I fantasized about how it would be great to be famous so I wouldn't actually have to talk to people and feel awkward. And of course, as we all know from fairy stories, when you achieve that ambition, you find out you don't want it.0
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