Quote:
Originally Posted by xQx
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.
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All very true, but it was just interesting to get his take.
For what it's worth, they do now own 134,000,000 shares of AAPL so they wised up.
