'Civilized People Don't Buy Gold'

By Gary Tanashian: I love writing my newsletter in part because of the people who read it ... Here is subscriber Larry none too impressed with Charlie Munger's comments; comments that NFTRH did not take personally. It just churned ole' Charlie into the analysis. But Larry is pretty fed up with the buffoonery that is allowed to express itself in the mainstream financial media.

author name submits:One of the first lessons that investors can learn from studying the shared wisdom of Berkshire Hathaway (BRK.A)(BRK.B) Vice Chairman Charlie Munger is this: it is not all about the numbers. It is also about psychology, behavior, and stories.

Ravi Nagarajan submits:

By Morningstar: With Berkshire Hathaway's (BRK.A) annual meeting--the Woodstock of Capitalism--set for Saturday, May 4, many investors are preparing to flock to Omaha once again to hear pearls of wisdom both from Berkshire's chairman Warren Buffett and vice chairman Charlie Munger.

ByEric Sprague: Introduction

author name submits:When I was in college at Washington & Lee, I had an English professor that often said that we don't really begin the writing process until we begin our first revision.

Submitted by Simon Black of Sovereign Man blog, In official testimony before Congress in December 1912, just three months before his death, J.P. Morgan stated quite plainly: "[Credit] is not the money itself. Money is gold, and nothing else." (the quote is almost Shakespearean in its unrhymed iambic pentameter...)

By David Harris: What Does Berkshire’s Management Think? Warren Buffett and his business partner, Charlie Munger, never mention a specific value for Berkshire Hathaway (BRK.A), but they do give us clues from time to time.