Thursday, October 4, 2007

Warren Buffett's comment on Investment in Gold

Read this from someone's blog today:

If Martian were to to observe the activity of human beings for many many years, they would not understand what these humans were doing. They are digging the gold out from the ground, proccess them and put them in the vaults and never touch them again.

A true value investor should only invest in businesses Martians can understand.