I really enjoy the semi-regular interviews Eric King has with Jean-Marie Eveillard of the First Eagle funds. His latest appeared this weekend.
Eveillard, as regular readers of Controlled Greed know, is one of the very best value investors of all time. He's no longer managing funds on a daily basis, but remains a top observer of events related to investing.
Eveillard's thoughts are worthwhile for three reasons.
First, because (to repeat myself) he's one of the top value managers to ever run money for anyone. His stubborness to not invest in tech during the Internet bubble cost him clients, but he was proven right eventually.
Second, because he combines an interest in precious metals with his investing philosophy. I think (but don't know, of course) that might at least in part be due to his growing up in France. I've read that many Europeans have a greater appreciation of hard assets -- gold, real estate, etc. -- than those in the Anglo countries. I recall an interview with Eveillard in the early 1990s where he said stock ownership wasn't as popular in his native country than in the US or UK.
And third, because Eveillard often refers to the Austrian School of Economics in his interviews with Eric King. I'm no economist, but I confess that over time I've come to have a growing admiration for the Austrians.
In fact, in the linked interview, Eveillard flat-out says the Austrian School offers the best explanation for the financial crisis.
Check out the interview when you get a chance. He gives his views on gold and silver, the mining stocks and talks about his recent trip to India. And Eveillard discusses future investing possibilities in India and Asia outside of Japan.