Welcome to the club..................

Mr. Bondi:  "When did you realize that there was a mortgage meltdown coming and ... as one of the purportedly wisest investors in the United States, why were you unable to spot the massive bubble growing?"

Mr. Buffett:  "The answer is, the first part was not soon enough. ... But if I had seen what was coming, I would have behaved differently, including selling Moody's.  So I was wrong."

-as culled from Warren Buffett's exchange with Bradley J. Bondi