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George Soros loads up on gold

  
Analysis, Education, Gold / Silver
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soros-gold

So why is Soros buying gold?  Though he believes gold is the ultimate bubble, he had said before that he likes to ride bubbles.  But unlike most investors, Soros usually knows when to get out.

From the WSJ:

LONDON—Investor George Soros doubled his bet on gold at the end of 2009 amid rising prices, a filing with the U.S. Securities and Exchange Commission showed.

The filing, made late Tuesday for the financial period ended Dec. 31, comes after Mr. Soros made comments during the World Economic Forum in Davos, Switzerland, in late January calling gold an asset bubble. He told media at the time that the low-interest-rate environment creates a condition for bubbles to develop and that gold is the ultimate bubble…..

Lifestyle & Improvement -Links

  
  Education
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  • Lessons from Mister Rogers (GigaOm)

  • Footnotes to success (Stephen J. Cannell)

  • What is the path to success? (Market Folly)

  • Five mistakes everyone should make (CNN)

  • The simple joys of smaller living (Zen Habits)

  • Popular job interview questions (AOL)

  • The top 25 schools whose grads were top rated by recruiters (WSJ)

  • The most recession proof city in America (The Atlantic)

  • Absolutely true nirvana – an email inbox with nothing in it (AVC)

  • How to cope with email overload (Reuters)

  • The five best fax services (LifeHacker)

  • Five ways to waste your time, focus & life (The Positivity Blog)

  • How to improve your patience (The Positivity Blog)

  • Above  articles Just I had read in last 2 days ….Yes u too can click these links and enjoy.

World’s Oldest Trader

  
  Education
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World’s oldest Value Investor. Duly noted (hat tip to Mr. Melvin) that Irving Kahn is a former Ben Graham assistant and likes to buy and hold for long time– and not really a “trader” per se.

From the WSJ:


Discipline has been a key for Mr. Kahn. He still works five days a week, slacking off only on the occasional Friday. He reads voraciously, including at least two newspapers every day and numerous magazines and books, especially about science. His abiding goal, he told me, is “to know much more about the stock I’m buying than the man who’s selling does.” What has enabled him to live so long? “No secret,” he said. “Just nature’s way.” He added, speaking of unwholesome lifestyles: “Millions of people die every year of something they could cure themselves: lack of wisdom and lack of ability to control their impulses.”

Here is a link to his current portfolio (he includes a land-based driller).