Comments on: How I Met Warren Buffett in Prison

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By: 3 Reasons Warren Buffett Is Wrong About Gold

3 Reasons Warren Buffett Is Wrong About Gold — Fri, 15 Apr 2011 12:00:51 +0000

[...] Dr. Mark Skousen interviewed Buffett in June, and asked him whether he believed in gold as a good long-term investment. Buffett replied: "No, I've never invested in gold." Buffett's father, Howard, a conservative Republican congressman from Nebraska, believed in the gold standard and gave Buffett some gold coins. He told me he still has them, but "only as a keepsake, not as an investment." He told me he's no gold bug and, instead, prefers to invest in well-run businesses on the belief that investing in free enterprise does more social good than investing in gold. He's not interested in gold even as a speculation, although he did take a position in silver several years ago (not as a monetary metal, but as an industrial metal). [...]

By: 3 Reasons Warren Buffet Is Wrong About Gold

3 Reasons Warren Buffet Is Wrong About Gold — Mon, 13 Sep 2010 18:35:49 +0000

[...] Dr. Mark Skousen interviewed Buffet in June, and asked him whether he believe in gold as a good long-term investment? Buffet replied: [...]

By: Paul

Paul — Sun, 13 Jun 2010 16:22:10 +0000

“He did after all mis out on the huge growth of Microsoft and all IT related companies because he did not UNDERSTAND them and their business methods.”

Frank, I agree with him here completely. If you don’t understand a company’s business model to it’s core, you shouldn’t be investing.

And that’s where I like gold, because it’s macroeconomic factors that push it around, all stuff I understand – but I’m also going to agree with Buffett that it’s only for trading, not long-term investment. Returns on gold have been absolutely pitiful when averaged over periods of 30+ years, it’s probably really only sensible to sink money into commodities during periods of speculative frenzy…with caution.

By: Bruce D.

Bruce D. — Sun, 13 Jun 2010 12:26:19 +0000

I believe in the rehabilitation of prisoners. I did not think there was anyone outside of prison intelligent enough or care enough to do it. I though prisons were just another government program that fails because that is just what government does (fails).

I do not believe Buffet did not see the derivative crisis coming. He was just protecting himself in front of congress.

By: Ron Wilder

Ron Wilder — Sun, 13 Jun 2010 08:15:14 +0000

I delt with Gold & Silver investments. There
investments went up so I doubled. Bad timing
that was the 80s, gold & Silver fall, I lost
all my funds. Right now both are up. There is
one more metal that starts with a P, which I
learned to play against gold. When P is below
G bet on P. It worked for me. I only wished I
had more guts to put more on P. Warren knows best,
I’ve been in the Market longer but done less.

By: Steve Reeder

Steve Reeder — Sat, 12 Jun 2010 19:38:47 +0000

Buffett despises gold, thinks Obama is great, and recommends GS.
Every day there is an article in some publication worshipping at the alter of Buffett, and I am sick of it.
He can pick stocks. Does that make him an expert on everything? Again, he thinks Obama is great and loves Goldman Sachs. Pattern here?
I don’t think Buffett is to be listened to as a serious thinker. He seems to be a good stock picker.

By: Frank de Villiers Oxford

Frank de Villiers Oxford — Fri, 11 Jun 2010 06:28:34 +0000

While I applaud Warren and his great investment achievements I have my reservations about his investment perspicacity.
He did after all mis out on the huge growth of Microsoft and all IT related companies because he did not UNDERSTAND them and their business methods.
HE like Gordon Brown(ex Prime Minister of U K) does not believe in Gold that is because he sits at the top of the Financial Card game pulling the strings.
There are millions of middle class investors who have lost their boots because they did not believe in GOLD and will continue to do so in the future. Go tell the citizens of Spain, Portugal, Ireland, Italy, and Greece that their life savings are safe in paper, HA HA HA I am really am busting my sides on this one.