Over and over again financial experts and wonkish talking heads endeavor to explain these mysterious 'toxic' financial instruments to us lay folk. Over and over they ignobly fail because we all know that no one understands credit default obligations and derivatives except perhaps Mr. Buffett and the computers who created them.

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In the States you can buy Chinese food. In Beijing you can buy hamburger. It's very close. Now I feel the world become a big family like a really big family. You have many neighbors. Not like before two countries are far away.