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Write-Offs: 10.07.10

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$$$ “Nobody else is looking at it," Byron Wein said of why he likes Africa as an investment idea. "You know, you make money by going where people are afraid to go. There’s not going to be an economic disaster. But you should own some gold.” [DI]

$$$ Buffett Avoids Buyout-Firm Purchases, Says `They Don't Know the Business' [Bloomberg]

$$$ Layoffs slow but hiring stays stagnant [WSJ]

$$$Meredith Whitney Bearish On Small Banks [FINS]