Warren Buffet famously said, "Never invest in something you don't understand". He should broaden that to say, "Never talk about something you don't understand."
Clearly Mr. Buffet doesn't undertstand crypto. He admitted as much. So why is he commenting on on the topic?
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He is losing his mind in his old age. He is way to focused on politics these days.
He's ideas on traditional investments are still sound and using Property and Causality insurance companies as free leverage is amazing. He just needs to return to his roots find the next See's Candy type company and avoid talking about things he does not understand.
Agreed.
it's absolutetly obvius.
If you dont understand it, you can't take good décisions
Or maybe he DOES understand about cryptos, and thats why hes saying so much bullshit
That’s possible.
A good point, when I hear these guys talk I seriously get flash backs from senate asking zuckerberg about Facebook lol they seriously have no clue!
Exactly. They’re holding on to an obsolete system. It’s time to let go.
Don't mind him, his time is almost up, let's see what happens after that.
"Don't tell me what you think. Tell me whats in your portfolio."