Warren Buffett is keen on using sexual analogies to explain financial matters
The Berkshire Hathaway CEO quipped today to "Good Morning America" that Congress` first economic stimulus package this year was like taking a pill filled with half Viagra and half candy -- in other words not quite stimulative enough. He suggested a second stimulus package might be needed to pull the country out of its economic doldrums.
During the movie at the start of Berkshire`s annual meeting this year, Buffett was jokingly shown pulling Playboy magazines out of his mattress. Perhaps Buffett`s most-famous sex line came in an interview with Forbes magazine in 1974 when he said the opportunities brought about by the stock market`s decline were making him feel "like an oversexed guy in a harem."
From 2008 letter, on derivatives and the importance of choosing your partners wisely:
Derivatives contracts, in contrast, often go unsettled for years, or even decades, with counterparties building up huge claims against each other. "Paper" assets and liabilities – often hard to quantify – become important parts of financial statements though these items will not be validated for many years. Additionally, a frightening web of mutual dependence develops among huge financial institutions. Receivables and payables by the billions become concentrated in the hands of a few large dealers who are apt to be highly-leveraged in other ways as well. Participants seeking to dodge troubles face the same problem as someone seeking to avoid venereal disease: It`s not just whom you sleep with, but also whom they are sleeping with
| NIFTY 
