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07 May
eventually that will fail

Is Today’s Venezuela the Future of America?

Charlie Munger knows what’s going on, and he has some warnings about printing more money. “Both parties have learned they can print all the money they want.” We couldn’t have said it better ourselves.   In fact, we have said it.  Over and over again. But this time it’s not us.  This time it’s Charlie […]

29 Jan
Venezuela's hyperinflation

The Fall of the Venezuelan Economy

The New Venezuela Q:  How many Venezuelan bolívars does it take to buy an ounce of gold? A:  Who cares? It’s a good joke because no one we know, or can reasonably imagine, would be willing to trade perfectly good gold for bolivars, knowing full well that the bolivars taken in exchange today will likely […]