In an interview this week with Good Morning America Warren Buffett, the legendary investor and CEO of Berkshire Hathaway, said that Americans had been on "a binge" prior to the recession. The Oracle of Omaha also gave some broad, but characteristically wise, advice for investing in this new era.
For one, Buffett said, debt can be a killer:
"The U.S. public as a whole has gotten into problems from leverage, financial institutions have gotten into problems through leverage," he...
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