Word: kempen
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Dates: during 2000-2009
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...even as he talked about the subprime-mortgage meltdown and the schizophrenia of the credit markets. "Capitalism without failure is like Christianity without hell," he said calmly, framing the recent tumult not as nauseating but as necessary. "You read all these things" about the markets, says shareholder Kip Van Kempen, an insurance broker from Toronto, "and you don't want to be in housing; you don't want to be in U.S. equities. Buffett reminds you not to panic, to be patient. That's a lesson you don't hear very often...