Warren and Charlie refuses to comment about commodity investments
Hi, my name is Michael from New York. First, I’d like to address Mr. Munger.
Mr. Munger, it’s so… it’s such a pleasure to be here with you, as well as Mr. Buffett. And if you could just say hi…
You got those in the right order.
…to my… wife for a second, her name is Jane.
Next, I understand your secrecy on unconventional investments. But Mr. Buffett and Mr. Munger, could you please tell me your insight on market conditions for oil and silver?
He asked you, Charlie.
But we’ve already said that we’re not going to comment about commodity investments.
I will cheat a little on that. Eventually the price of oil has to go way up.
That does not mean you can make any money from buying it now, counting the interest factor.
Fortunately, I don’t know whether… I listened carefully when he phrased his question. He said “insights” and… I don’t have any insights, so…
Looking for an offline, PDF copy of all shareholder questions carefully arranged into specific topics such as How to properly evaluate a company for potential investment, Intelligent Investing and Secrets to achieving Success and Happiness? Click on the image below to learn more.