Five Reasons to Avoid the Gold Rush

[Munger]

Re: Five Reasons to Avoid the Gold Rush

After rehashing these issues literally 100s of times over the past eight years, we got this idea to create a cheat sheet for our members to refer to. What do you think? Comments appreciated before we post to the front page.

PDF version here.

Spot on. Great work. Might I suggest saving the image as a .png or .gif? Jpegs and other lossy compression formats wreak havoc on images with hard edges, particularly images containing text. Hence the fuzziness around the words.

[dd eisenhoover]

Re: Five Reasons to Avoid the Gold Rush

Just to provide some color from the other side of the fence.

http://www.ritholtz.com/blog/2009/09...the-gold-rush/

"As Japan's troubles increase, its Government has proposed lowering the value of insured deposits... The whole idea of having other banks and taxpayers guarantee bank deposits is theft in the first place and thus morally wrong and thus ultimately practically wrong." Conquer The Crash, p. 254, (1st ed., Prechter, 2002). Morally wrong ? Ritz cannot see that. So, pass his book here so I can wipe my ass, too.