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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: ild who wrote (70736)	10/1/2006 4:02:43 PM
From: Wyätt Gwyön	Read Replies (2) \| Respond to of 110194

that is weird that Heinz says Buffett's outlook on gold stems from psychological issues relating to his father that require a shrink. calling on the shrink as a trump card--maybe that's a Vienna thing? Nabokov aptly described the original Herr Doktor (Freud) as the "Viennese Quack". and Nabokov was of course a lot smarter than Freud. plenty of respectable investors don't "get" gold. Buffett, Munger ("Gold is stupid!"), Grantham... it is dangerous to dismiss their opinions out of hand. that's what tech clowns did when Buffett didn't "get" the tech bubble. subsequently they made small fortunes out of large ones. i think markets are sufficiently unpredictable that gold can be a topic on which one agrees to disagree without bringing Freud and his band of Anatidae into the equation. i read Munger (gold skeptic) and Grant (goldbug) with equal pleasure.