If you have the opportunities of Berkshire, an investment in gold is dumb.
You must force yourself to consider opposing arguments. Especially when they challenge your best loved ideas.
In business we often find that the winning system goes almost ridiculously far in maximizing and or minimizing one or a few variables - like the discount warehouses of Costco.
I wonโt bet $100 against house odds between now and the grave.
Expect hogs to eat a lot more in the presence of a lot of hog wash.
I remember the $0.05 hamburger and a $0.40-per-hour minimum wage, so I've seen a tremendous amount of inflation in my lifetime. Did it ruin the investment climate? I think not.