Squanderville vs. Thriftville

http://www.berkshirehathaway.com/letters/growing.pdf

http://www.freerepublic.com/focus/news/1053684/posts

Probably the most famous story from Warrent Buffet. Some regard Squanderville to be US and Thriftville to be China, etc. However, it's not that accurate. I have no time to write thoroughly on this right now. Will come back to it when free.