Charlie Munger on Cryptocurrencies
- Thread starter Frederick Foresight
- Start date
Mostly through Nubank the last time I looked.
The thing to remember about interviews with people like Buffet and Munger is a lot of the time the questions are from a 'what would you say to a small investor' angle.Then you get the 'rat poison' etc quotes,often out of context.
They will seek to profit from anything that is moving.If it means investing in a company that is invested in something and mitigate their risk through potential write downs or what have you then that is how theyll do it.
Its just another game with a scoreboard.
Similar to others,I also would think that the price movement and chatter this year would have caused him to do his research and make personal investments.After all,its not easy for anyone to sit at the weekly meetings with all the younger employees who've been advising you to get on board for 12 months,you haven't,and its the number 1 performing asset of the year.
Warren Buffett Revealed To Be Quietly Making Bank From Bitcoin And Crypto Amid Price Swings
Billy Bambrough
Senior Contributor
Oct 13, 2023,08:15am EDT
The thing to remember about interviews with people like Buffet and Munger is a lot of the time the questions are from a 'what would you say to a small investor' angle.Then you get the 'rat poison' etc quotes,often out of context.
They will seek to profit from anything that is moving.If it means investing in a company that is invested in something and mitigate their risk through potential write downs or what have you then that is how theyll do it.
Its just another game with a scoreboard.
Similar to others,I also would think that the price movement and chatter this year would have caused him to do his research and make personal investments.After all,its not easy for anyone to sit at the weekly meetings with all the younger employees who've been advising you to get on board for 12 months,you haven't,and its the number 1 performing asset of the year.
Warren Buffett Revealed To Be Quietly Making Bank From Bitcoin And Crypto Amid Price Swings
Billy Bambrough
Senior Contributor
Oct 13, 2023,08:15am EDT
The bitcoin price has swung wildly over the last few years, soaring through the first half of 2023 as traders gear up for what could be a $17.7 trillion earthquake hitting the market.
Now, as a crisis is threatening to engulf the U.S. dollar, a new analysis of Warren Buffett's Berkshire HathawayBRK.B -0.7% stock portfolio has revealed the Oracle of Omaha's best-performing investment this year is bitcoin and crypto-friendly Nubank.
So is he actually investing in crypto, or just selling shovels to those who do?
He is invested.
Berkeshire is up 70 or 80 % for the year and the strongest performer was Nubank*.
*Last fact checked around October.
You may know the answer Fred? I'm curious as to whether he would be allowed to invest in BTC? With his public company responsibilities?
I think I recall that Cathie Wood divested herself of something so that she could invest personally.
Is that a thing?
Ive re read this and see what you mean.
He may only profit from the transactional side(the shovels you alluded to).I would have to research the company closer but I would say they have a supporting physical holding which would be to his benefit.
Ah now I see where you are coming from. 1 billion is substancial to me also but probably not to Warren.
It's all in how you interpret what you read. When someone says that BRK has a substantial holdings I read a substantial part of their portfolio. What you wrote gave me the impression that BRK was heavily invested in BTC, which it is not.
I still think that he’s holding back information when he’s questioned about it. Probably doesn’t want to run the price up on himself before he starts buying.
Right
Thing with Warren is he usually buys when everyone else is selling. You'd have thought he'd have been scooping it up when it was 20k or lower if he was interested. I'm pretty sure he doesn't worry about missing out.
The speculators are buying BTC so that they can get rich. Warren is already rich.
The companies he buys produce something. They throw off cash every year. If Warren were to buy BTC, how would he make money?