“The rich get richer” does not even begin to tell the story today. According to the Institute for Policy Studies, the wealth of the top 12 billionaires in the US recently exploded to more than one trillion dollars – yes, 13 figures. The statistic is obviously an eye-popping figure on …
Read More »Did Warren Buffett just bet against the US economy? His latest investment raises some questions
Warren Buffett has long been critical of gold as an investment, saying it “has no use” and that “magic metal” does not match “American mettle.” He once wrote that “Anyone who sees Mars will scratch his head” about how we treat the shiny game on this planet. However, the Berkshire …
Read More »Warren Buffett said this metric signaled the 2001 crash – now sounding the alarm on global markets
Warren Buffett once wrote that investors would have seen the dot-com crash from a mile away if they had paid attention to what he described in a 2001 Fortune article as “probably the best single measure of where valuations at any given moment stand. “ Known in investment circles as …
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