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  • Bill Ackman's Pershing Square Q2 Letter: No Gold Hedge for Us [View article]
    Hard to live without air and sun. Of course women need gold and diamonds


    On Sep 25 07:44 AM chap08 wrote:

    > "In that gold does not generate cash flow, it does not have any intrinsic
    > value"
    >
    > I'll just say that I disagree and that to support my case, I call
    > ..... all the evidence of human history.
    >
    > As an aside, I also believe that the oceans, the air and the sun
    > have intrinsic value, despite their poor cash flow yield.
    Sep 25 13:30 pm |Rating: +4 0 |Link to Comment
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