Charlie and Warren got very very rich by understanding _exactly_ what they were investing in; and by sticking to conservative, simple, business models.
These guys gave the dot com a very wide berth too, and missed a lot of opportunity in Microsoft, Apple and the like.
I don't think bitcoin was _ever_ going to be on Berkshire Hathaway's watchlist.
EDIT: To be clear, I'm not saying he's wrong about bitcoin. I agree with his sentiment - IMHO If you're in cryptos right now you're speculating, not investing. I'm saying that asking Warren or Charlie about bitcoin (or any other popular instrument that's been delivering 50+% returns) is a bit like asking the NRA about gun control.
Last edited by xQx; 01-05-2018 at 03:32 PM..
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