Most people don't know that Warren Buffett's
father was Howard Buffett, a laissez-faire, sound-money United States congressman from Nebraska.
His views on the economy couldn't have been farther removed from what his son's would one day be.
He didn't yet know that, though, when he wrote to Mr. Libertarian, Murray Rothbard, asking how he might get his son a copy of Rothbard's book The Panic of 1819. "I have a son who is a particularly avid reader of books about panics and similar phenomena," he said.
Buffett also said he was reading through Man, Economy, and State, Rothbard's thousand-page treatise (originally published in two volumes), and asked how he might assist in getting wider circulation for those volumes.
Unfortunately, the apple fell far from the tree.
Buffett's son proved to be a great investor, but a very poor economist.
When you find an investor who also really understands the economy, as opposed to repeating standard platitudes about the Federal Reserve, fiscal stimulus, and the whole kit and kaboodle of fashionable opinion, you've really got something.
I've found you some.
This is more important even than Game of Thrones, if you can believe that.
How people succeeded, and then what they did to keep and grow their dough, is something most people are clueless about.
And most people will ignore this new documentary series.
As usual, you should do the opposite of what everyone else is doing.
But it'll be available for viewing at no cost for just the limited launch period, and then you'll have to pay, so grab right now:
Tom Woods