Charles Munger: Civilized People Don’t Buy Gold

Johnny HopkinsCharles MungerLeave a Comment

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Here’s some classic Munger wisdom on ‘gold’ as an investment:

“I think gold is a great thing to sow 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.”

(Source: YouTube)

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