Ionut Costache

64%
Flag icon
Gold, for example. Buffett reprised his gold thought experiment, where if you took all the gold in the world, you could make a 67-foot cube weighing 175,000 metric tons. You could then get a ladder and sit on top of it, fondle it, polish it. But that cube isn’t going to do anything. You are simply betting someone will buy it higher.
University of Berkshire Hathaway: 30 Years of Lessons Learned from Warren Buffett & Charlie Munger at the Annual Shareholders Meeting
Rate this book
Clear rating
Open Preview