Charlie Munger calls bitcoin ‘disgusting and contrary to the interests of civilization’

Does not mean one has to invest in new ideas that one does not believe in. Are you seriously suggesting that Berkshire does not employ some of the best investment managers, analysts, and researchers, consultants and market professionals and that they are not on top of every innovation and products that make it to market? I am afraid you are dead wrong on this one. They have most certainly spent a multiple of time debating and thinking of all the merits and risks of cryptos than you have.

Baron said:
"Faced with the choice between changing one's mind and proving there is no need to do so, almost everyone gets busy on the proof."

Ironically, that quote is from Charlie Munger's, Poor Charlie's Almanack, where he talks about one of the most important skills an investor can have is the ability to constantly detach from old ideas and embrace the new ones.

It might be time for ol' Charlie to revisit his own book and start detaching.
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DiceAreCast said:
Gates is now the biggest private landowner in the US. Sait until the crypto fad is over and inflation explodes in our faces and gates again turns out to be the superstar. Cant beat raw intelligence. Especially not with stupidity.
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Gates actually said he wanted to short bitcoin if he could. At the time he said it there was a futures contract at the CME. The Tesla short cost him a lot including his credibility as did buying a private jet company. What is 60% of Microsoft worth? More than all the farmland in the US?

He is now trying to keep COVID vaccines closed source as he does not like open source. How many people will die because of that?
 
DiceAreCast said:
Does not mean one has to invest in new ideas that one does not believe in. Are you seriously suggesting that Berkshire does not employ some of the best investment managers, analysts, and researchers, consultants and market professionals and that they are not on top of every innovation and products that make it to market? I am afraid you are dead wrong on this one. They have most certainly spent a multiple of time debating and thinking all the merits and risks of cryptos than you have.
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And while that world-class research team has been "debating and thinking", BTC has accumulated over a trillion dollars in market value, and it got to that 1 Trillion dollars decades faster than any other asset in the history of the world ever could, including the stocks of MSFT, APPL, and AMZN.
 
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Almost everything you said about Gates is incorrect. MS is running the biggest open source repository in the world now. With Gate's blessing. At Gates time open sourcing code at MS was an inferior strategy.

ZBZB said:
Gates actually said he wanted to short bitcoin if he could. At the time he said it there was a futures contract at the CME. The Tesla short cost him a lot including his credibility as did buying a private jet company. What is 60% of Microsoft worth? More than all the farmland in the US?

He is now trying to keep COVID vaccines closed source as he does not like open source. How many people will die because of that?
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Sure, so have tulips once upon a time. Lol.

Baron said:
And while that world-class research team has been "debating and thinking", BTC has accumulated over a trillion dollars in market value, and it got to that 1 Trillion dollars decades faster than any other asset got there, including the stocks of MSFT, APPL, and AMZN.
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DiceAreCast said:
Almost everything you said about Gates is incorrect. MS is running the biggest open source repository in the world now. With Gate's blessing. At Gates time open sourcing code at MS was an inferior strategy.
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Everything I say is correct until you remove the sources from the internet.
 
Baron said:
And while that world-class research team has been "debating and thinking", BTC has accumulated over a trillion dollars in market value, and it got to that 1 Trillion dollars decades faster than any other asset got there, including the stocks of MSFT, APPL, and AMZN.
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True, yet apples & oranges. Governments unlikely to let crypto markets do whatever they want, either complete ban or regulation are imminent.
 
DiceAreCast said:
Almost everything you said about Gates is incorrect. MS is running the biggest open source repository in the world now. With Gate's blessing. At Gates time open sourcing code at MS was an inferior strategy.
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I never mentioned software. Governments want the COVID vaccines open sourced to save lives. Gates want them to remain closed source so he can profit from them.
 
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