Notes from Warren Buffett Meeting on March 13th
Every year, Wharton Business School students visit Warren Buffett in Omaha. Here are this year's notes, compiled by Anix Vyas.
During the visit, Buffett was asked how he values gold:
Buffett commented: “Absent the total destruction of paper money, gold is a terrible investment.” He mentioned that people think that gold is a good way to hedge, but he challenged that belief and said that the best protection in an environment like today is to retain enhancing purchasing power. Gold is an instrument that fails to really do this, has “zero utility” and only “mystique.”