OH HAHAHAHAH BREAKING NEWS WARREN BUFFET JUST SAID BITCOIN IS A DELUSION

They didnt get common stock, mostly preffered to drain cash from the company. At the end of the day Buffett gets his 9% yield, and if the stock moons, thats just a plus.

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Who?

FRESHLY HARVESTED BABY BRAINS

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you can't actually believe what you're saying right?

>how dumb is he
>>coke has no unique value over cola
how are you?

Why does a billionaire who has more money than 99.9% of the human population even still give a fuck about anything

Kill yourself old man please

Everything that user said was spot on.

>buys Apple above 1T mcap
>loses 4B on Heinz
I think he's going senile

>Old man yells at technology
Any other "news"?

Explain yourself and why you had such a sòyhoy-esque response to that, I dont see anything wrong with what he said

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pajeet cope

We do not use the P word around these parts. This will be your one and only talking to. Smarten up and refer to them as Indians or East Indians.

rajesh

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gold has no value it doesnt produce little golds by starring at it

Go ahead and follow his advice. The old man will probably die thinking he was right, considering he won't last very long drinking a gallon of coke per day.

He's been wrong on tech all his life and now he's buying tops on the things he expertised in. He's senile. He's been eating McD for breakfast all his life and drinks liters of coke. He ain't got much longer. His business partner munger looks like he's about to shed his skin.

woke. Buffett is the ultimate boomer scammer and his death should be a holiday for humanity

>Greatest investor of all time vs. spergs who post chinese cartoons.

This fucking place. Why don't you listen to someone who actually knows what he is doing for once?

munger will outlive all of us user. reminder that he knows about that freshly harvested good stuff

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>listening to some jew boomer

This is why you wont make it
bitcoin specifically is trash though

Retard if we listened to him nobody would have ever bought bitcoin in 2009-2016

Source? That's hilarious if true.

"yes bitcoin is a failed experiment going to zero but the underlying technology blockchain is revolutionary, but my token x which will revolutionize everything!"

t. financially destitute morons in the years 2014 and 2018

>listening to a literal bailout babby boomer
>"help me govvvvvv"
>what is survivorship bias
So many things about this faggot make me sick. He bought and held since like 1970, the ultimate boomer. He made his money off the backs of inflation and gov expansion.

>Horse buggy salesman says cars are unsustainable
By investing in stocks you indirectly give money to him.

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Buffet is just reaching that stage of understanding now or signaling it anyway i.e. Blockchain will have value, not btc.

We all know how that plays out

little known fact, Berkshire almost went bust in 2008 because Buffet wrote a bunch of crazy CDS options like AIG. Berkshire’s credit rating blew out to junk because the potential losses were so severe. The govt bailed out the companies and assets he wrote options against otherwise he would have lost billions. He also bought businesswire so he could use the information for insider trading. Total fraud

Had he said this after over performing people would have listened, after his recent performance people will laugh.

Oh I'm aware. He's a bailout babby

>Berkshire loading up on BTC to dump when it reaches $100k

LOL

Never mind just read an entire article on why he does it... Does he want to have fillings like a kid as well???

>In the interview Monday, he did point to potential in bitcoin's "important" underlying technology blockchain but said its success does not depend on cryptocurrency.

So he STILL doesn't get it.

He literally doesn't understand even the basics of how blockchain/crypto works.

Btc is a delusion in the same way that using literally debt as money is a delusion.

>Criticizes and missed Google
>Criticizes and missed Amazon
>Criticizes and missed Apple then buys AAPL at the top
>Criticizes and misses Bitcoin
...
>knows what he's doing
>buys Heinz at the top and loses 4B
>Eats McDonalds for breakfast

he is a boomer fantasy. He is a monopolist and welfare queen. Pray for his death

No, he does get it. It's everyone else here who doesn't. When you purchase Bitcoin, you're either doing it to semi-anonymously buy shit on the internet or you're 'hoping' you can sell it to someone else later for more money. The Bitcoin left on its own doing nothing will not make any money or do anything at all. This is different to a stock, which gives you the share of a tangible company which makes money.

Bitcoin has just been greater fool theory for 10 years.

In 1988, Buffett began buying The Coca-Cola Company stock, eventually purchasing up to 7% of the company for $1.02 billion. It would turn out to be one of Berkshire's most lucrative investments, and one which it still holds

to be fair he always has said that he has no clue about technology and therefore stays away from stocks
what is most likely is that he hears everyone at his company shilling against bitcoin (because
they are threatend) and just repeats what he hears at the lunch table

All assets are inherently pyramid schemes. Just because it's backed by government doesn't make it any better profit wise.

He's a literal embodiment of scrooge Mcduck. Only sits on his money, doesn't spend jack. He doesn't even spend money on eating healthy.

>BLOCKCHAIN not BITCOIN

Why are boomers so tech illiterate? Someone redpill me on Buffet, does he actually invest/know anything about tech at all?

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It's cringe no one here does any objective research it's all moonfags and delusional poorboys shilling chink scams

i think an underrated reason is that it's a lot of fun to trade and with bitcoin it's so much easier than trading stocks (at least here in europe)
then of course once transactions are instanteneous (

Or... to shield your wealth from destructive monetary policies and insure that no one can ever confiscate/exert control over your wealth

Dude is too old to understand tech and too old to understand social change. Crypto is both.

...

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Hahahahahaha

rt.com/news/452280-warren-buffett-fraud-charlatan-keiser/

>Max Keiser
Fraud calling someone else a fraud, o i am laffin.

The fartknocker just shits on anything that he isn’t selling. He shits on physical gold in the same letter, while probably accumulating more as he wrote it.

BOOMER SCUM

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regardless, he's not wrong

how are people that look like this in positions of power

trail of cope

>Distract the sheep from my $25 billion loss in Q4

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he thought the internet was just a fad too

Does this dude even use a computer?

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cool blogpost, but what does it have to do with anything? outsiders who think they're insiders because they hold a few coins they never use are missing out on significant progress made through 2018, most of it tokenless

>guy who got rich by insider trading while pretending he's a genius who owns a company with a website designed in the 1940s talks about technology

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His way is the way of the dinosaur