"Worse than a Fool"

James Wolcott: "Worse than a Fool": "'Richard Rainwater doesn't want to sound like a kook,' began a profile of the super investor in Fortune magazine" ... "'But he's about as worried as a happily married guy with more than $2 billion and a home in Pebble Beach can get. Americans are 'in the kind of trouble people shouldn't find themselves in,' he says. He's just wary about being the one to sound the alarm."