If Buffett is not investing on bitcoin...

7 May, 2018

Last week we have spoken about Warren Buffett’s dislike for Bitcoin and the whole cryptocurrency world. Fine… it is not that he doesn’t like it, he simply “does not understand it.”

CNBC Reporter Becky Quick said Buffett referred to Bitcoin at the Berkshire Hathaway annual shareholder meeting as “rat poison squared.”

But hey ladies and gentlemen! This is Warren Buffett we are talking about here. Probably, one of the most successful, influential and well-known investors of the modern world.

And while he might not be fit to tell us if Bitcoin makes a better case than Ethereum for a long position, he is absolutely capable of doing so when it comes to stocks and commodities.

The Berkshire Hathaway annual shareholder meeting held on Sunday was a good opportunity to get an eye on what the old wise man is looking at for the immediate future.


"From our standpoint we would love to see Apple go down in price," he said at the Berkshire Hathaway 2018 annual shareholder meeting on Saturday. "We very much approve of them repurchasing shares."

The CEO of Berkshire admitted increasing its stake on Apple by 75 million shares during the first quarter of 2018 to the 165.3 million shares already owned. The current portion makes it one of the tech heavyweight largest shareholders.

Amazon and Google

Buffett also took a moment to apologize for taking wrong decisions when it came to investing on Amazon and Google. Apparently, the Oracle of Omaha passed on big opportunities due to his believe that understanding the business one is investing on is a necessary requirement.

“I had a very very very high opinion of [Jeff Bezos’s] ability when I first met him, and I underestimated him, [...] I’ve watched Amazon from the start. I think what Jeff Bezos has done is something close to a miracle [...] the problem is when I think something will be a miracle, I tend not to bet on it.”

Source link  
Asian markets higher, oil rally goes on

Oil prices extended gains in early trading hours as expectations for further reductions in global supply levels continued to build following Donald...

What's behind the oil rally?

The oil market has been going crazy in the last few days. On Monday, the US West Texas Intermediate crude for June delivery rose nearly 1.5 percent...

Equity indexes mixed in Asia

Markets in Asian traded mixed on Thursday as investors digested a widely anticipated interest rate decision by the US Federal Reserve while looking...

Asian stocks extend gains

Asian equity markets were mostly higher on Monday, with investors focusing on geopolitical tensions over the Middle East while keeping an eye...

Equity indexes in Asia rise

Asian equity indexes moved into green territory on Tuesday despite a weak lead from Wall Street on the back of higher Treasury yields and as traders await...

Trading activity is on the lowest

The light news flow and a break in US-Chinese trade rhetoric give the equity markets a positive momentum amid so far positive reporting season in the US...

Earnings in focus: a necessary revision

UK Average Earnings excluding Bonus (3Mo/Yr) (Feb) is expected to come in at 2.8% from 2.6% previously. Claimant Count Change (Mar) is expected...

Geopolitics weigh on sentiment

Markets in Asia were mixed on Monday amid rising geopolitical tensions following a western air strike over Syria and as investors await for fresh...

Geopolitics is in the markets spotlight

Well, the global markets remained under pressure on the background of geopolitical risks and the expectations of missile strikes on Syria. It is...

In the past 24 hours Bitcoin has lost -0.51% and reached $4018.29916871. Open your trading account with the best cryptocurrency brokers on special terms today.

In the past 7 days the EUR/USD pair has gained 0.9409% and is now at $1.1429. Start trading and making money on Forex today.

In the past 7 days Ethereum has lost -2.36% and is now at $137.288627704. Have the most popular cryptocurrencies compared online 24/7.

Top Brokers offering Daily Forex Market Reviews

Forex Currencies Forecasts

Top 10 Forex Brokers 2019

# Broker Review
5FIBO GroupFIBO Group85%