“Speculators may do no harm as bubbles on a steady stream of enterprise. But the position is serious when enterprise becomes the bubble on a whirlpool of speculation. When the capital development of a country becomes a by-product of the activities of a casino, the job is likely to be ill-done.” ---- by John Maynard
Buffett added: “We’re not going to have much luck on acquisitions while this sort of a period continues.”