Why world’s savviest investor, Warren Buffet, called gold a poor investment

Billionaire investor Warren Buffett has long championed a patient, long-term approach to investing. He began investing at a young age and later studied under legendary value investor Benjamin Graham at Columbia University. Buffett’s philosophy centers on buying high-quality businesses at reasonable prices and holding them for extended periods, rather than chasing short-term gains.
His takeover of Berkshire Hathaway in the mid-1960s is often cited as a defining example of this strategy. What started as a struggling textile company was gradually transformed into a vast conglomerate with interests spanning insurance, railroads, consumer goods, and technology.