London, England — Investors are “bloodied and confused,” says Warren Buffett, “much as though they were small birds that had strayed into a badminton game…” By the end of 2008, $30—$40 trillion had been lost, in stocks, housing and derivatives. Investors breathed a sigh of relief when December 31 finally came. But then came 2009! World markets have fallen 18% so far this year…2009 is on track to lose far more than even 2008, which was the worst year in stock market history. What has gone wrong? Today, we’re going to retrace our steps. In order to understand where we’re … Continue reading ‘Putting Out’ the Fire They Started