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  • Warren Buffett’s Berkshire Hathaway bought shares in a gold miner last quarter, despite the billionaire investor dismissing gold as a subpar asset for more than 20 years.
  • Berkshire added 20.9 million shares of Barrick Gold worth about $564 million to its portfolio, its only new position in the period.
  • Buffett has repeatedly blasted gold for being an unproductive asset that has underperformed stocks in the long term.
  • “If you bought gold at the time of Christ and you figured the compound rate on it, it may be a couple tenths of 1%,” he said at Berkshire’s annual meeting in 2018.
  • Visit Business Insider’s homepage for more stories.

Warren Buffett’s Berkshire Hathaway made its first investment in a gold miner last quarter, even though the famed investor has warned against betting on the precious metal for at least two decades.

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For the first time in his career, Julian Edelman is entering a season without Tom Brady.

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As the receiver prepares for his 11th NFL season, everyone knows the story of Edelman and Brady. When he was a young player, Edelman was so enamored with the veteran quarterback, he moved out to California with the hope of training with Brady in the offseason. It took Edelman five years, but he became one of Brady’s go-to targets and best friends.

It’ll be hard to create a Brady-like connection with whoever starts at quarterback this season for the Patriots, but Edelman is moving forward with an open mind.

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“Obviously, it was a little different scenario. You’ve got to move on

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