AJ Ericksen's Blog World

Sunday, May 1

Quote of the Day

Charles Munger's (of Berkshire Hathaway) Comment on the huge pension liabilities at GM applies equally well to Social Security and many personal situations:
Some people seem to think there's no trouble just because it hasn't happened yet. If you jump out the window at the 42nd floor and you're still doing fine as you pass the 27th floor, that doesn't mean you don't have a serious problem. I would want to address the problem right now. They'd better face it.


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