Table tennis YouTube Prediction: Buffett touted Ariel Hsing, a top-rated junior table-tennis player, as a «good bet to win at the Olympics some day» in his letter to shareholders. Both companies have significantly expanded their already huge shares of market during the past ten years, and all signs point to their repeating that performance in the next decade. Plus, Buffett has a pretty solid track record of pointing out irrational investment markets. During the meeting itself, Buffett joked that «if you had bought gold at the time of Christ and you figure the compound rate on it, it’s a couple tenths of a percent. Find News. Stock Advisor launched in February of
Tiny US soft drinks firm changes name to cash in on bitcoin mania
Appearing on CNBC earlier buffeg, he stated that his position on the digital currency had not changed. However, the more Buffet offers in way of critique of Bitcoin, the more it appears that he cannot differentiate the fintech innovation from any of the investments he has made in a regular companies. His main gripe seems to be that BTC does not produce anything and it therefore has no value. As he has made apparent on numerous occasions previously, Warren Buffet really does not get Bitcoin. The successful investor has been one of the more vocal and creative critics of the cryptocurrency over the last few years.
Tell us how you really feel, Mr. Buffett.
Every sector in the world has several good players, but one would standout from each one of them. Take paintings, for instance. Quite similar is the story of Warren Buffett, the single most influential man in the investment sector. If investing had been an art, Buffett would probably have been the best artist the world would ever see. The sheer influence he has on financial markets is insanely huge, so when he speaks, the world listens. And one of those unfortunate ones is Bitcoin, the cryptocurrency dear to millions. Warren Buffett has been a long-time critic of Bitcoins and has never held his words back while criticizing it.
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Billionaire investor Warren Buffett is doubling down on his bitcoin criticism. The Berkshire Hathaway CEO said he is sympathetic to optimists who bought the world’s largest cryptocurrency in hopes that «it would change their lives. Buffett has been a long-time critic of cryptocurrency. He called bitcoin «probably rat poison squared,» ahead of the Berkshire Hathaway annual shareholder meeting. In the interview Monday, he did point to potential in bitcoin’s «important» underlying technology blockchain but said its success does not depend on cryptocurrency.
Buffett is not alone in his skepticism. Business leaders including Bill Gates, economists Nouriel Roubini and Robert Shiller, and fund managers Ray Dalio and Howard Marks are among those who have questioned bitcoin’s legitimacy.
Yet earlier this month, J. Morgan became the first major bank to launch its own proprietary cryptocurrency for cross-border payments. Sign up for free newsletters and get more CNBC delivered to your inbox.
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Outcome: Buffett may have been making a point about stubborn denialism in financial markets, but his prediction about so-called flat-earthers was correct — they’ve enjoyed a resurgence in recent years. Munger has also referred to bitcoin as poison. He also reiterated that bitcoin isn’t a whwt asset. Stock Advisor launched in February of Markets Pre-Markets U.
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