5min chapter

InvestED: The Rule #1 Investing Podcast cover image

367 - Takeaways from the Annual Berkshire Hathaway Shareholder Meeting

InvestED: The Rule #1 Investing Podcast

CHAPTER

What You Buy Isn't Imaginary

Gianini e, i can remember his first name, the founder of what ultimately became the bank of america was bank of italy in san franciscothat's a great story, o he. San francisco has an earthquake, an burns, and as the bill, as the build are burning, gionini calls in a wagon and loans up like 80 thousand dollars worth of gold. Back this is 19 o six, when 20 dollars would buy one ounce of gold. And to day's value, that's like eight million dollars of gold. I in a wagon where looters are everywhere. They covered it all up with oranges, orange crates, and for weeks. Later

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