Tag Archives: Another Bailed-Out Bank Accused Of Fraud

Matt Taibbi – Another Bailed-Out Bank Accused Of Fraud – 11 October 2012

OPINION ~ Earlier this year, Charlie Munger, who is billionaire Warren Buffet’s right hand at Berkshire Hathaway and a sort of self-proclaimed mad oracle of Wall Street, made some interesting comments. He bashed people who buy gold, delivering an all-time amazing quote:

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. Continue reading