Old Ass Warren Buffet Doesn’t Know Shit
I used to be a big fan of Warren Buffett and it’s kind of hard for me to dislike the man considering I spent 20 years of my life in the financial industry. He is regarded by many as the greatest investor of all time and for the most part he seems like a pretty decent guy. But I am gonna say one thing right now. . . His old ass doesnt’t know shit in regards to cryptocurrency and quite frankly his old wrinkly ass doesn’t know anything about technology in general.
Billionaire investor and Berkshire Hathaway’s Chairman and CEO Warren Buffet reiterated his negative stance towards cryptocurrencies at the annual meeting of his company Saturday, May 5. Buffet repeated his idea that cryptocurrencies will come to a “bad ending,” and claimed that Bitcoin (BTC) is "probably rat poison squared," according to CNBC.
The billionaire investor claimed that cryptocurrency community is in for a “bad ending” after the “euphoria wears off.
Buffet’s little bitch boy, Charlie Munger is just as clueless. . .
Berkshire Hathaway’s Vice Chairman Charlie Munger echoed Buffet’s criticism of cryptocurrency investment, albeit in much harsher terms:
"Someone else is trading turds and you decide I can't be left out."
It sucks that I have to bash Warren like this, but you would think he would be a little more open minded considering crypto currency has been around long enough to be considered a new asset class.
Apparently Goldman Sachs doesn’t share the same opinion as Grandpa. . .
Some institutional players on the other hand, are much more enthusiastic about Bitcoin. For example, the banking giant Goldman Sachs has launched a Bitcoin trading operation earlier this week, commenting that Bitcoin “is not a fraud.”
Goldman Sachs is not the only one entering the crypto world. I know this for a fact, as I still communicate with many former colleagues at large hedge funds and investment banks as well.
Crypto is the real deal folks. .
Ignore the old man.
Agreed with everything you said. He's acting like a whiny little bitch right now. Considering BRK allocates quite a bit of % of their portfolio towards banks he feels threatened his corrupt bank investments might go down.
Could be. . He is admittedly not good at recognizing technology opportunities.
Cmon bro he's a dinosaur, who happens to be allergic to technology.....lmao🤣.
But he has openly admitted that he's only sent 1-2 EMAILS IN THE LAST DECADE! That says it all you know, he's just not able to understand the complex concept of cryptocurrency's & their intrinsic value my friend. The man is incredibly intelligent but he grew up in an entirely different era, one that isn't too fond of computers &/or technological advances. 🤷♂️
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Buffet is living in a bubble, while he actually profits from situations like the Global financial crisis, he doesn't see the harm it does to the average man, he doesn't see how fed up people are with the existing system, thus while his income keeps growing despite economic events, he thinks everything is okay but you can't measure resentment in dollars.
He is one of my roll models and there is a lot to learn from his wisdom but I agree. He is too old to see where cryptos are going. Age is a scary thing!