Charles Munger: Civilized People Don’t Buy Gold
Sunday, January 13, 2019 · Johnny Hopkins
Here’s some classic Munger wisdom on ‘gold’ as an investment:
“I think gold is a great thing to sow into your garments if you’re a Jewish family in Vienna in 1939 but, I think civilized people don’t buy gold, they invest in productive businesses.”
(Source: YouTube)
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