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Uncivilized Investing
Uncivilized times call for uncivilized investments. Charlie Munger, Warren Buffett’s partner in crime at Berkshire Hathaway, told CNBC recently, “I think gold is a great thing to sew into your garments if you’re a Jewish family in Vienna in 1939, but I think civilized people don’t buy gold. They invest in productive businesses.” In a…Read more…
Investing in Gold as World Economies Falter
Are you a civilized individual or a Neanderthal? Berkshire Hathaway’s Charlie Munger provides a simple litmus test… “Civilized people don’t buy gold,” says Munger. There you have it. If you possess absolutely no gold, other than maybe a tooth filling, you are civilized. Congratulations! If, however, you’ve stashed a few Krugerrands under your mattress, we’ve…Read more…
Bracing for a Greek Exit
They say that breaking up is hard to do Now I know that it’s true — Neil Sedaka What’s the Greek word for ‘chutzpah’? We don’t know either. But the leader of the communists/socialists, Alexis Tsipras, has it. He must have heard that old saying: “When you owe your bank $100,000, you can’t sleep at…Read more…
