From the Financial Times: Buffett cautious on $75bn 'Superfund'.
Warren Buffett said on Thursday, “One of the lessons that investors seem to have to learn over and over again, and will again in the future, is that not only can you not turn a toad into a prince by kissing it, but you cannot turn a toad into a prince by repackaging it."
Oh. Mr. Buffett! I could just kiss you for that delightful metaphor.
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