Beating Buffett

Right now… Nothing is truly safe but well-financed American, Japanese & Northern European equities (ex-Financials and ex-Ireland) look better than any other asset class to ride out the coming recession. In the short run anything is possible as we’re in completely uncharted waters.

Government bonds and (probably) all long-term fixed income are likely to be the worst assets to be holding once the SHTF.

“When you see that trading is done, not by consent, but by compulsion — when you see that in order to produce, you need to obtain permission from men who produce nothing – when you see money flowing to those who deal, not in goods, but in favors – when you see that men get richer by graft and pull than by work, and your laws don’t protect you against them, but protect them against you – when you see corruption being rewarded and honesty becoming a self-sacrifice – you may know that your society is doomed.”

Ayn Rand, Atlas Shrugged