Events converge in my thinking. Warren Buffett's annual letter to shareholders and the Berkshire Hathaway annual report will be out Saturday morning. During airport waits and plane rides I read John Bogle's article/speech. Bogle is founder & former chairman of The Vanguard Group of mutual funds.
The internet bubble, Enron, Global Crossing and a host of lesser train wrecks make it clear to me that Buffett's questions for directors and auditors are right on the money. If you have money to manage or if you're a victim of one or more of these past "investments," I encourage you to take note.
