Saturday, July 31, 2010

The Australian Disease

Daniel Petre has pretty much nailed the Australian Disease here.

One of the best bits is this quote from Warren Buffet.

"My luck was accentuated by my living in a market system that sometimes produces distorted results, though overall it services our country well ... I've worked in an economy that rewards someone who saves the lives of others on a battlefield with a medal, rewards a great teacher with thank-you notes from parents, but rewards those who can detect the mispricing of securities with sums reaching into the billions. In short, fate's distribution of long straws is wildly capricious".

Read the story and weep - and see why our culture needs all the help it can get.

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