"Please Hold for Mister Buffett" is the title of the current Business Week (March 8, 2010 issue, pg. 30) Magazine cover story. The tag on the cover said "What's it like to have The Oracle as your biggest shareholder? CEOs share the good and bad that comes with answering to Warren."
I found one quote in the article, attributed to Mr. Buffet, very evocative. He said "Those who won't fill your pocket will fill your ears."
I thought about times in my life where somebody was trying to pitch an investment to me, and the light bulb went off! If somebody is trying to talk you into doing something, it usually benefits them more than it will benefit you.
I think this advice translates well for people involved with Mortgage transactions. Don't be "sold" on something that you are unsure about. Get all of the information, numbers, and figures, and then decide for yourself what is the most beneficial action to take.
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