I do two things. I design mobile computers and I study brains.
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In grade school I was taught that the United States is a melting pot. People from all over the world come here for freedom and to pursue a better life. They arrive with next to nothing, work incredibly hard, learn a new language and new customs, and in a generation they become an integral part of our amazing nation.
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.