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Mellody Hobson: What would Warren do?
Mellody Hobson: What would Warren do?
Ariel Investments president

By Wednesday the word among traders was, There's trouble with Lehman -- stop trading. We had never had a conversation like that in our 25-year history.

I woke up one morning that week at four and turned on CNBC. I was getting ready to get on the treadmill, and I saw the futures market was horrible. I started breathing heavily, my chest just heaving. Then I stopped and said, I don't think Warren Buffett is hyperventilating. That's what I kept telling myself, and I calmed down.

NEXT: Robert Shiller
Last updated September 14 2009: 3:19 PM ET
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