How do I get passed the pay wall?
but but bitcoins don’t produce anything!
This guy didn’t invest in apple back in the 90s but only in 2016 at almost ATH i believe….LOL
Had he bought some bitcoins in 2016 …oh boy….
An old grumpy dotarded taxi driver who paid $1M for his medallion.
Some should make a meme out of this.
Do you think Warren Buffet talks down Bitcoin because a) he’s smart (and know it’s threatening) or b) he doesn’t know what he’s talking about?
I’ve read one of his books and would guess b). But it might also be a combination.
Warren Buffett has reason to be against it for sure, but he is diversified across so many businesses that it would just be a transition for him. For one example, he owns Benjamin Moore paint which is a well known paint company. People still need to buy paint, whether they’re buying it in fiat or crypto.
To Warren Buffett, whether he understands it or not, the current system is stable for him and working well for him. Crypto is just another flea to him, like a lawsuit that he probably experiences weekly, that he’d rather have nothing to do with.
People generally oppose change, especially systemic change, when the current system is in their favor.
This. And I like Warren Buffet. He’s the first to admit how wrong he’s been on various investments (or non-investments) in the past. But people ask for his opinion and he’s happy to offer it, as flawed as it could be. Not gonna fault him for it, especially when this is a bit outside his wheelhouse (and frankly even if he understood it, this sort of investment isn’t really his thing…he buys companies).
Just another immoral billionaire dinosaur slamming something that threatens his investments and promises to set people free.
It’s like asking horse breeders about the automobile.
Isn’t Warren Buffet a country singer?
This is dumb as fuck, he owns companies not fiat. He’d barely be affected if fiat fully died
What does he know? He was wasting away in Margaritaville.
He’s a genius and an old man. The nature is to step away from whatever any abstract topic related to technology.
So Warren only see this as an asset, but he still does not understand the big impact it might have regarding human-kind in the future, that’s why he mentions “Bitcoin does not make sense, is only a number”, he does not understand all the things around blockchain.
Lol well this example is over exaggerated
Buffet does not do speculative investment. Period.
He needs to be able to quantify the value of a company and its product.
Can anyone quantify the value of bitcoin?
No. Its like encountering a very wealthy person in your local area and asking them their opinion on MLMs.
Buffett has a tested investment model that does not include many types of investments that have also proven profitable. Bitcoin is/was a radical idea that does not fit into his rigid model. Oh well. He’s passes on many great ideas because they don’t fit his narrow model.
If he would have invested in Bitcoin at the time he originally dismissed it, he could have been much wealthier than he already is. But his model takes into account that he passes on a lot of opportunities that ultimately prove profitable.
Buffett invests in cash-flow producing assets. Bitcoin is not. It is instead a cash-replacing asset. It is the first of its kind and, as should be expected, does not fit into any pre-existing business models.
Only problem is most Uber drivers agree with taxi drivers on fundamental issues.
A pay wall! fuck this.
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Buffett is so rich in no small part because he has the ability to identify and remove his own biases from investment decisions. He is NOT against bitcoin because he’s biased, he’s against it because he doesn’t understand it. It’s really simple.
Similar to Buffets saying “never ask a barber if you need a haircut.”
This is listed way too often we all know Warren doesnt like crypto hes old and admittedly doesnt invest in things he doesnt understand. It’s not a slam on crypto its Warren being warren
Buffet has a specific investment strategy. He buys things that provide value. He walked away from many things that had potential, because he plays it safe.
His commentary is probably to address the fact that people say “But Warren, you’re supposed to be the BEST investor! You should have seen that payoff from a million miles away” even though it isn’t in his strategy.
He speaks honestly. He sees no value in it. People here getting mad are ridiculous because one investor with a specific strategy doesn’t see value in BTC, so they get mad.
Make your own investment decisions and see where life takes you. Don’t think you’ll be like Buffet simply by being like Buffet. If you follow in his path, you only strengthen his position by buying before the speculation.
This is very old and tired. Can we move on from Buffet and Gates please?
He’s not fighting against Bitcoin, he just doesn’t understand it. Just like he didn’t understand the internet.
Why you guys always have to see things as if it was a war between two factions?
Asking Warren Buffett about crypto is like asking for a taxi driver’s view on Uber **… in the 70s.**
No, it is different is like asking a gardener about quantum physics. He may be good at gardening but have no idea of quantum physics. Buffett is the best at valuing and running businesses, but does not even like technology stocks because he does not understand those companies, let alone Bitcoin. So I don’t know why people assume that if you are good in one kind of investment you know about all, and that’s not the case. The opinion of any software programmer is worth 1000x more than Buffet’s opinion in this topic.
It is pretty sad that you can still talk with the best investor humans ever known. And then waste the time of him and you by asking him questions about bitcoin…
I mean that man is crazy clever and experienced. You know his stand point on gold and bitcoin. So why even bother?
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