Club Mulgoa

Friday, September 07, 2012

2 people to emulate...

There are 2 people you should emulate when it comes to investment.  They have been proven to be highly successful over a long period of time.  And both won't be around the scene for much longer, i.e., they are elderly.

Unfortunately, you cannot emulate them because you can only afford to buy shares, and these two buy management.  You have virtually inconsequential say in how a company is run (luckily!) but Warren Buffett and George Soros takes over the running of the stock.  And if they don't, it is because they choose not to discard the good managers.

However, if you look at POG, you will realise that there is one aspect of George Soros' scheme that you can follow.  He is buying gold.  Unfortunately, the decision can be bewildering because Warren Buffett won't invest in gold!

Yes, the POG jumped again last night in the USA.

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