Saturday, May 5, 2012

"Civilized People Don't Buy Gold," Charlie Munger

CIVILIZED!?! Central banks around the world are buying gold. Gold has outperformed every asset class in the past 12 years, even Berkshire Shares.

TIME: 22:45---PAY CLOSE ATTENTION to Mr. Munger's comments on China. Then think about what China is promoting for all their citizens to invest in. His admiration for China's success is the very thing he thinks is not civilized to invest in. However we agree with Mr. Munger on the computer trading algorithms, they are not good for society.   BK