Is SBB a Better Bank?

The biggest issue that they had, I guess, is a lack of diversification in terms of their client base and relying heavily on a client base that probably isn't the best to have. There was a huge failure of common sense here, but it was by doing the same thing that you always do. You're buying a vastly overvalued thing. It's insane. But I've seen lots of companies that do that. This wouldn't have happened if Warren Buffett ran the bank. Because he could have avoided this with the way that you invested it.