Charles Munger: Civilized People Don’t Buy Gold – ValueWalk Premium
Charlie Munger

Charles Munger: Civilized People Don’t Buy Gold

Here’s some classic Munger wisdom on ‘gold’ as an investment:

Q3 hedge fund letters, conference, scoops etc

Charlie Munger

“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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Article by The Acquirer’s Multiple


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