Buffet, Berkshire and Gold - 0 views
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Gary Edwards on 02 Mar 12More great charts from Sir Charles. This is funny. Sir Charles takes on that consumate crony corporatatist, Warren Buffet. He examines the recent Berkshire Hathaway report, and then does the unthinkable. Sir Charles prices BRK in GOLD, tracking from 1990 to 2011. Then he prices Apple in Gold for the same period. The result is Buffet embarrassing reverse image, with Apple soaring when priced in GOLD, and BRK rolling off a cliff. No wonder Buffet is out there on a daily basis, burning every shred of cred he's accumulated. If anyone takes a truthful look at the reality of BRK performance, he's toast. Does that "just keep talking" stuff actually work?