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.
Bill Ackman's Pershing Square Q2 Letter: No Gold Hedge for Us [View article]
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.