We’ve embarked upon a WORK OF BEAUTY; the precious metals bull market now includes silver. This is important, since silver’s strength is the REAL INDICATOR that the dollar is weak and entered a BEAR MARKET.
This isn’t Warren Buffett’s best year, in terms of PUBLIC PERCEPTION. He’s been ridiculed for selling the airlines a number of days before their SHARE PRICES bottomed and began TURNING AROUND. Gold, which Buffett often says does nothing and “Just Sits There” is SITTING PRETTY and outperforming Berkshire’s by miles and miles. Meanwhile Berkshire’s CASH PILE is eroding fast in PURCHASING POWER, but one thing to remember about Buffett is that he is the greatest capital allocator to ever live.
Oh, Bernanke, I hope you are READING THESE WORDS: You Lost!
Just one year ago, at this time, I was in the Italian Dolomites, some of the most amazing mountains on the planet. In the winter, they attract millions of skiers, and in the summer, scores of climbers, cyclists and outdoor lovers flock there.
I’m currently reading Stephen Schwarzman’s book, What It Takes, which talks about his life journey from middle-class Philadelphia to being worth $18.7B – all self-made.