Tuesday, May 31, 2011

SUPERINVESTOR QUOTES

SUPERINVESTOR QUOTES

In my whole life, I have known no wise people (over a broad subject matter area) who didn’t read all the time – none, zero. You’d be amazed at how much Warren reads – at how much I read. My children laugh at me. They think I’m a book with a couple of legs sticking out.Charlie Munger

How do you value gold

Warren Buffett commented: “Absent the total destruction of paper money, gold is a terrible investment.” He mentioned that people think that gold is a good way to hedge, but he challenged that belief and said that the best protection in an environment like today is to retain enhancing purchasing power. Gold is an instrument that fails to really do this, has “zero utility”and only “mystique.”




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