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Finest mountainclimbing attire i can get my hand on because i now believe that we may very well go over the fiscal cliff come january and i want to be ready to climb back out with the right stock after it happens. You cant come from a given day like today, dow 107 points, hey, happy days are here again, right . This is a day where my equipment felt a little felt a little superfluous because we had all sorts of happy talk for a bunch of people in washington about how compromise was within reach. However, i think its been increasingly apparent that we actually may not get a deal in time for the january deadline. Something Warren Buffett pointed out. Who am i to disagree. You dont need to change your philosophy just because we cliffed you. Long term it might not matter. Not all of you share his sanguine multiyear view of stocks. Not one of you shares a bank account close to the size of the man that created billions of dollars of weal ....

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