Caused Quote by Warren Buffett
“It's the deleveraging that's going on right now that has caused the credit crisis.”
About This Quote
Current credit crises stem from deleveraging processes.
In simple terms: Credit crisis caused by deleveraging.
Understand financial cycles to mitigate risk.
Themes
Mood
Type
When to use this quote
- banking
- policy making
- personal finance
Key Concepts
Questions to Reflect On
- What triggers deleveraging in markets?
- How can individuals protect themselves during a credit crisis?
Complex to explain to laypeople.