financial crisis

*Speech of Warren Buffet**
*

" We begin this New Year with dampened enthusiasm and dented optimism.

Our happiness is diluted and our peace is threatened by the financial
illness
that has infected our families, organizations and nations.

Everyone is desperate to find a remedy that will cure their financial
illness
and help them recover their financial health.

They expect the financial experts to provide them with remedies, forgetting
the fact that it is these experts who created this financial mess.

Every new year, I adopt a couple of old maxims as my beacons to guide my
future.

This self-prescribed therapy has ensured that with each passing year, I
grow wiser and not older.

This year, I invite you to tap into the financial wisdom of our elders
along with me, and become financially wiser. *

Hard work: All hard work brings profit; but** ** mere talk leads
only to poverty.

Laziness: A sleeping lobster is carried ** away by the water
current.

Earnings: Never depend on a single source ** of income.

Spending: If you buy things you don't ** need, you'll soon sell
things you need.

Savings: Don't save what is left ** after spending; Spend what is
left after saving.

Accounting: It's no use carrying an umbrella, if your ** shoes are
leaking.

Auditing: Beware of little expenses; ** a small leak can sink a
large ship.

Risk-taking: Never test the depth of the river with ** both feet.

Investment: Don't put all your eggs in one basket.*