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Stick to Value Investing, Charlie Munger

Politics / Investing 2012 May 05, 2012 - 06:42 PM GMT

By: Jeff_Berwick

Politics

Best Financial Markets Analysis ArticleWhile I am on strict orders from the doctor to never watch CNBC, for my mental health, I was forwarded a video of Charlie Munger on CNBC today where he stated, "gold is a great thing to sew onto your garments if you're a Jewish family in Vienna in 1939 but civilized people don't buy gold - they invest in productive businesses."


Where to begin?

Charlie and Warren are REALLY good... the BEST... at value investing in a highly inflationary fiat bull market environment.  They hit the jackpot when just a few years after Buffett took control of Berkshire Hathaway the world was sent spiraling into a completely unbacked, global fiat currency system which almost guaranteed success for those with the right mindset.  The rest, as they say was history.

Being very savvy value investors they rode the 30 year bull market enabled by this once-in-a-lifetime opportunity of illusory debt to its heights and were better at it than anyone, turning themselves and countless others into billionaires.  However, the ride stopped after the tech bubble collapse in 2000 and things haven't been going so well since... even despite Warren doing sweetheart deals and cozying up to the fascist government like Whitney Houston to a bag of crack.  Berkshire's performance against something as simple as real money has been abysmal:

In the interview, Charlie states that he would rather invest in productive assets than gold.  Here's where we can generally agree.  Me too!  I'm a younger, go-getter entrepreneur.  I'd love to be investing in technologies and amazing, world-changing businesses more than anyone.  But I can't.  Not knowingwhat I know.  Not knowing that all the socialist democratic western states are insolvent under any measure.  Not knowing that because of that and because they all have fiat currencies which can be printed into oblivion to keep their show going just a few years longer will mean a complete collapse of the western monetary system.  Not knowing that many governments, the US and the UK more than most, already are aware of this and are clamping down on liberties and arming their police forces to the teeth in preparation for the great collapse.

It's going to be hard for any company to succeed in this environment.  That's why Berkshire has underperformed so much... they don't realize that all the apparatus of the fasco-communist US and the taxes, some of them even named after Warren Buffett himself, have hollowed out the economy to the point of collapse.

So, because of that, I cannot smartly invest in anything except the gold mining stocks which could go parabolic in the last few inflationary years before the collapse.

Charlie Munger says owning gold is "uncivilized".  No, Charlie, what is uncivilized is this entire immoral system of theft and slavery (taxation) and the communist fashioned central banks that impoverish the people while paying for every major war in modern history.  It is all in a state of collapse but he seems blissfully unaware. This entire collapse is brought on by the fasco-communist police state that he believes in.  The collapse to come IS going to be uncivilized and it will be because of everything he believes in.

He says that gold is only useful "if you're a Jewish family in Vienna in 1939".  But, he hasn't yet realized that Americans are the new Jews as dicktator Barack O'Bomber takes away their rights and claims the right to kill as many of them as he wishes.  What'd you think those cash sniffing dogs and men and women hiding on the jetway to the airplane with badges around their neck asking how much cash you have are for, Charlie?  Oh, maybe they don't have that for private jets... yet.

In the interview Charlie points out that one of their main skills is seeing changes in the world and adapting quickly to them.  They appear to have missed the biggest change staring them right in the face.

They were warned long ago by a much, much greater man than both Charlie Munger and Warren Buffett... Warren's father, Howard Buffett who stated:

"I warn you that politicians of both parties will oppose the restoration of gold, although they may outwardly seemingly favor it, unless you are willing to surrender your children and your country to galloping inflation, war and slavery then this  cause demands your support. For if human liberty is to survive in America, we must win the battle to restore honest money.  There is no more important challenge facing us than this issue -- the restoration of your freedom to secure gold in exchange for  the fruits of your labors."

Sadly Howard Buffett never lived to see the day his fasco-communist, idiot savant, brat of a son learn about freedom, liberty and not being a part of a criminal system.  Our only hope is that both Charlie and Warren do live to see it.

If you believe gold is a barbarous relic then buy some Berkshire Hathaway. If you think Jeff may be on to something, subscribe to The Dollar Vigilante to hear more real-world thoughts about the ongoing collapse that people like Charlie Munger and Warrent Buffett are either too blind or too corrupt to see.

The Dollar Vigilante is a free-market financial newsletter focused on covering all aspects of the ongoing financial collapse. The newsletter has news, information and analysis on investments for safety and for profit during the collapse including investments in gold, silver, energy and agriculture commodities and publicly traded stocks. As well, the newsletter covers other aspects including expatriation, both financially and physically and news and info on health, safety and other ways to survive the coming collapse of the US Dollar safely and comfortably. The Dollar Vigilante offers a free newsletter at DollarVigilante.com.

© 2012 Copyright Jeff Berwick - All Rights Reserved
Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.


© 2005-2019 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Comments

Anahin
12 May 12, 11:39
Graham

Ben Graham was Warren Buffett's mentor and the founder of value investing.

Buffett even named his son after Graham and calls Graham, his second greatest influence after his own father.


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