During their recent episode, Taylor, Carlisle, and Dan Rasmussen discussed Buying High and Hoping Higher: A Strategy as Solid as Jello. Here’s an excerpt from the episode: Tobias: There was a question in our comment stream about gold. I don’t know if you’ve said something about gold or– They wanted … Read More
Charles Munger: Civilized People Don’t Buy Gold
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)