Friday, August 22, 2014

Warren Buffett Is a Failure When Viewed in Terms of Gold

From an NY Sun editorial:
We are living in an age of illusion. We celebrate, say, the sages of Berkshire Hathaway. Yet the value of a share of Berkshire has plunged to something like 159 ounces of gold from the 269 ounces of gold a share was at, say, the day that George W. Bush acceded to the White House...

A new Fed chairman has made jobs her signature. But will anyone at Jackson Hole ask whether it is the fiat nature of our money that got us into this hole in the first place?

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