What is the key takeaway from Warren Buffett’s investment in a gold mining company?
Buffett’s reversing his long-felt antipathy to gold suggests that there are plenty of reasons to be fearful
August 19, 2020 / 10:35 AM IST
The year 2020 will be remembered for a lot of reasons. The Covid-19 epidemic and its impact on world economies, the financial market crash, record unemployment, the US-China trade war, Indo-China border clash, oil prices going below zero are the obvious reasons. But what could also be remembered by the equity market is Warren Buffett buying gold—well, not exactly gold but a stake in a gold mining company. Value investors will perhaps remember 2020 for the shock that their...