Despite its lustre, gold sits uncomfortably in investment portfolios. If you think hard about why you might own it, it becomes harder to make a case for its inclusion.
When the media raises the subject of beating the stockmarket through astute stock picking, the name ‘Warren Buffett’ is usually cited. But what does this legendary investor actually say about the smart way to invest? Buffett is considered to have such a track record of picking stock winners and avoiding losers that his annual letter […]
Over the course of a lengthy and illustrious business career, Warren Buffett has offered thoughtful opinions on a wide variety of investment-related issues—executive compensation, accounting standards, high-yield bonds, derivatives, stock options, and so on. In regard to gold and its investment merits, however, Buffett has had little to say—at least in the pages of his […]
As a topic of conversation, investment is like sports. Everyone has an opinion. And the strongest opinions often come from those who spend more time in front of the TV than out on the playing field. Practitioners, meanwhile, are wary of anything labelled a sure thing. Indeed, it’s one of life’s ironies that the people […]
“Fear is contagious and spreads quickly; confidence is fragile and only returns gradually and over time.” Warren Buffet Wealththow comment: Standard & Poor’s actions can only undermine weak confidence and raise uncertainty. It has created what Keynes called irreducible uncertainty. We can have no idea of the consequences of Standard & Poor deciding the risk-free […]