View Single Post
      01-05-2018, 03:26 PM   #2
xQx
General
Australia
904
Rep
1,004
Posts

Drives: 2008 BMW 135i (E88 N54 6AT)
Join Date: Aug 2016
Location: Sunshine Coast QLD Australia

iTrader: (0)

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..
Appreciate 5
blue-mw217.00
rr006rbc1205.00
FSociety3812.50