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While gold may be a barbaric relic to the Oracle of Omaha, tungsten is apparently a shrewd buy. Resource Investor reports: IMC International Metalworking, part of Buffett’s Berkshire Hathaway (NYSE: BRK.A, NYSE: BRK.B) empire, recently invested $80 million in a tungsten mining project in South Korea. The deal gives Buffett a 25% stake in what used […]
I love this guest piece by Sy Harding – one of the best we’ve ever run, in my humble opinion. The Wall Street Cheerleaders watch stocks drop by 10%, 20%, even 40% or more – and simply reassure you that you need to have a long-term investment horizon. Bullsh*t! Enjoy Sy’s take – I think […]
A BIG hat tip to our astute friend and correspondent Dr. Evil for passing along this gem from Howard Buffett, written in 1948, about the dangers of fiat money, and the connection between human freedom and a gold redeemable currency: Is there a connection between Human Freedom and A Gold Redeemable Money? At first glance it […]
Yeah, according to The Daily Crux, this headline is a true one…Gartman did refer to Buffett as “an idiot” for allowing Berkshire’s stock to drop 45%. The Gart-Man has since rescinded the statement – but The Crux reports that to Gartman’s credit, he’s actively shorting Berkshire Hathaway. I’ve had a trial subscription to Gartman’s Letter […]
Marc Faber’s observations on a CNBC interview from December 1, 2008: We’re experiencing the largest asset deflation since World War II Since 2001, every asset class in the world went up – except the US dollar. Fast forward to 2008, and every asset class has collapsed – except the US dollar. The global economy will […]
Staying on our “guys who got this trend right” theme – Warren Buffett has been standing on the sidelines holding a war chest of cash over the past few years. Buffett writes in a New York Times op-ed that he is now deploying his cash hoard into US stocks. “Fears regarding the long-term prosperity of […]
Video Link My notes: He is VERY concerned with the current levels of inflation. This is striking, as you rarely hear Warren Buffett mention inflation. If he were in Bernanke’s shoes, he would “offer his own resignation”. Still believes the dollar will weaken further over time – mentioned lack of Congressional discipline. Oil price is […]
Over the weekend, Warren Buffet commented if he “landed from Mars today with a billion of Mars dollars, or whatever they call them on Mars, and I was thinking about where to put my money,” he wouldn’t put it all in the U.S. currency. Full article on Bloomberg
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