Why is Warren Buffett the world's greatest money maker?

I want to thank Kelvin for providing the link to this video which I enjoyed very much.  

Anyone who is interested in a quick introduction to Warren Buffet's life and how he got to be the world's richest man would find this 47 minutes video worth watching.





Although it should be common knowledge to any experienced investor, I would like to draw attention to how 

Warren Buffet had no qualms about investing in something he was against as long as it offered good value and a chance to make decent money. 

This is somewhere 40 minutes 30 seconds into the video and it highlights the importance of being open minded and not being parochial.







Interested in the book Warren Buffet referred to in the documentary? 

You can get it pre-owned from BetterWorldBooks at a bargain with free shipping worldwide. 

See:
Intelligent Investor: The Classic Text on Value Investing

Related posts:
1. Recommended books for FA and TA.
2. Be cautious even as we accept higher risk.

Selling everything to buy more silver!

The latest issue of The EDGE provided me with much food for thought. However, the article on buying physical silver ended with a paragraph which if ingested might require us to take some digestive enzymes.

"There's going to be another big crash, we are really near it now," said Chin Kuan Yew, a businessman ... who sold all his properties, including his condominium, to buy more metal. "You have on the one hand the US printing money and the European Union is on the brink of collapse."

Although I advocate that all who can afford to do so should have 5% of their wealth in physical gold and silver as a form of insurance against the inherent flaws of fiat currencies, I feel that Mr. Chin is being somewhat extreme.

Selling his properties could be a good move because with the ongoing aggressive building, it is more likely than not that we would see a situation of oversupply in Singapore in the coming years which would mean lower rental rates and lower property prices.

Having most of his wealth in precious metals, however, smells of paranoia.

Related posts:
1. Gold and silver: Still important assets to own.
2. Never lose money in real estate and REITs?
3. Buy gold and silver as insurance.

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