Buffet has always been a value investor and I am not surprised if he calls Bitcoin a joke. He missed the ride earlier on Amazon and Apple, which has been the 2 of the greatest companies ever. Not sure if he’d ever see the value of Bitcoin in this life.
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I don't think Buffett has the skills and knowledge to be a relevant "value investor" any more.
I wonder how much he truly believes in this whole bullshit, HFT'd, PPT'd US financial market we have.
He has to know these EBITDA and other earnings ratios are ludicrously beyond the pale.