Buffet and gold

http://truthingold.blogspot.com/

Perhaps the Truth about Buffet's hatred of gold is best expressed in graph which shows the long term performance of Berkshire Hathaway stock priced in terms of gold - this is the market expressing it's view:



Priced in terms of gold, Buffet's wealth as represented by the price of his Berkshire Hathaway stock has declined 30.5% in the last three years and a staggering 77% since late 1999. Did Warren or Charlie happen to bring up this little factoid at their annual shareholder soiree this past weekend? Buffet's cult-like mush-brained followers slavishly follow him around lapping up any crumbs he might drop for them like the pied-piper, thus it wouldn't have mattered anyway...

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PMBug said:

How much of Berkshire's portfolio performance has relied upon bailouts and sweetheart deals?

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