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Message: I'm Fired up!

I'm Fired up!

posted on Jun 24, 2008 08:37PM

All right, I'm charged up! You know what, I bought Apple Computer at $7 and sold it at $117. And guess what people told me when I bought it. They told me I was crazy. Too risky? Risky? What was risky? I had met Steve Jobs. I shook his hand when he was still at Pixar, before anyone even knew what the ipod was. I looked in his eye, and I liked what I saw. I put a big chunk of everything I had at the time into his company. I didn't diversify. I met with this Edward Jones guy who looked at my portfolio and said I should buy Clorox. Clorox? Who's working at Clorox who is going to change the world? I had read Steve Job's biography, four of them actually. Including the one by Randall Stross, Steve Jobs and the Next Big Thing. The whole theme of that book was that Steve Jobs was a one trick pony and that everything he'd done had been pure luck. I read it and wondered, "How could this guy get this book published when he is so clearly full of crap?" Then I realized everyone else I knew agreed with him. Steve Jobs was lucky. He wasn't a genius, just at the right place at the right time. I couldn't believe MY luck. It was a situation reminiscent of what Kenneth Fisher had said in his book, The Only Three Questions that Count and repeated in Jim Puplava's interview of him a few months ago. I had the answer to one of the three questions. I knew something that nobody else did. That was that Steve Job's would not fail at Apple. I knew how to recognize quality. Of course, now everyone thinks Steve Jobs is a genius and of course, they knew it all the time. That's pile of crap. Ten years ago everyone thought Steve Jobs was washed up, a has been. I knew better, and that's one reason why I had a quarter of a million dollars to put into Kimber a few months ago at 75 cents. Because I bought Apple back then. Now there's Kimber, with a better story than Apple ever had. Why? Because Kimber owns something that will always have value. How many times is a computer mentioned in the Book of Genesis? Do you know how many times gold is mentioned in the book of Genesis? Eight! Do you know how many times silver is mentioned in the book of Genesis? Twenty-two! Some year, many years in the future in some museum somewhere there will be a dollar bill behind a piece of glass, a momento of the once great civilization called the USA. And the tour guide will say, "The people believed in this paper so much that for ten thousand of them you could buy and ounce of gold." And everyone will laugh. Then someone from the crowd will say, "At one time you could buy an ounce of gold for only 800 of those." And everyone will not laugh, because they'll be embarrassed for the idiot in the crowd who could have believed such a ridiculous story. Don't be fooled by the madness of crowds. One of the great characteristics of a bubble is that you cannot see it, because you are inside it. You have to feel it. The bubble isn't in commodities or gold or silver. The bubble is in you, in your belief in the dollar. The dollar is a worthless piece of Monopoly money. When people start to realize that, gold and silver are going to explode and anyone who has gold and silver is going to explode. And Kimber has these things. Bull

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