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Author Topic: Is Warren Buffett selfish?  (Read 233 times)
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January 24, 2018, 08:24:42 AM
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 #21

It might help to remember Berkshire Hathaway and bitcoin (crypto) are competitors in a sense like coke and pepsi.

If investors flock to bitcoin, they're likely to abandon stocks and Warren Buffett's investments could suffer as a result on decreased trading volume and demand. Its similar to the price shifts we see in crypto markets at the moment where bitcoin's value falls when investors flock to altcoins like bitcoin cash or litecoin. The opposite also occurs.

Buffett knows that money pouring into bitcoin is money that isn't likely to be invested in the stock market to maintain the value of his own holdings. And so I can't blame him for attacking his competition, its self preservation and he has no choice but to protect his own stake.

That said, I think we all know Buffett would never endorse anything that isn't tried and true by decades of consistency. His style has always been to play it safe and opt for long term investment strategies. Its ironic then that Buffett and bitcoin should be at odds considering they both represent the long term value of HODL planning.

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January 24, 2018, 09:32:13 AM
 #22

I respect what he says about intrinsic value, economic moat, and whether something is under / over value.

However, I cannot but have to conclude that he is overly selfish, though incredibly intelligent and rational.

I remember he says something about the airline industry and even the IT industry (dotcom). What he says about the airline industry is that with its inherent capex, airline industry has not created any wealth for its shareholders.

The fact that Warren Buffett is so clear headed and as a matter of fact, that he is undeniable. At the same time however, he is overly cold.

Putting aside that the airline industry by itself really does not generate any / significant wealth for its shareholders, what is undeniable is airline's impact on our world. That we travel more often and the whole economy grows as a result.

The same can be said of the dotcom industry.

His donation of all his wealth after his eventual death is of course to be lauded & commended. However, that came as an afterthought.

Also what worries me even more is that before Charlie Munger became his partner he was not even concerned with Management Quality. To him, a company that is undervalued but with lousy management can still be invested upon, and good management with an overvalued company cannot be invested upon.

It is way too cold for my liking. I often tell people when I evaluate company I am also pretty much cold, I don't like to listen to reasons and results speak louder than any bullshit that they might tell me.

If I am zero degrees celcius, then Warren Buffett is -273.15 degrees celcius (0 Kelvin).

Take it or leave it, Warren is a legend and his opinion matters in the scheme of things for Jamie to have made a statement and price came crashing sometimes last year, if Warren should make a statement, he is being referred to by many economist, business leaders and even policy makers. He has paid the price to be there and lets give him that required respect.

Everybody is a potential capitalist no matter the amount of econnomic orientation or ideology you belong to. Its simply how are configured. A lot of businesses have come and gone but the people who makes money out of those inventions that have shaped the entire financial world are those that were ready to take the risk. Have you read about Ellon Musk, the way these people think are out of the ordinary and they dont actually gave a damn about anyone's feeling because that is not their primary motive for going into business its purely their results that matter and that is what people want to see.

Whether Warren is cold or not, its just normal because what he is trying to do is to protect his own interest same thing everyone of us will do if we are faced with situations that threaten our hegemony which is why Warren is critical of things such as crypto that could reduced his influence.

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January 24, 2018, 09:48:58 AM
 #23

You have to give it to man the privilege of saying whatever he wanted to say. He is more experienced than anybody of us here and though we might differ on opinions (and he certainly is not expecting for us to agree with all he is saying in the first place) we still have to give him the respect that he rightfully deserves. Of course, the man is not perfect and he is admitting it but it will not stop him to say what can be in his mind on anything including cryptocurrency particularly Bitcoin once he is asked. I don't agree so much with what he said about Bitcoin but then again partly he can be saying the truth. Years from now we will learn on what happened with Bitcoin and we can see whether Buffet was wrong or right...let's allow the time and the history to judge what he said.

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January 28, 2018, 05:57:50 PM
 #24

You have to give it to man the privilege of saying whatever he wanted to say. He is more experienced than anybody of us here and though we might differ on opinions (and he certainly is not expecting for us to agree with all he is saying in the first place) we still have to give him the respect that he rightfully deserves. Of course, the man is not perfect and he is admitting it but it will not stop him to say what can be in his mind on anything including cryptocurrency particularly Bitcoin once he is asked. I don't agree so much with what he said about Bitcoin but then again partly he can be saying the truth. Years from now we will learn on what happened with Bitcoin and we can see whether Buffet was wrong or right...let's allow the time and the history to judge what he said.
I do not have a problem with people expressing their opinions as long as those are their true beliefs, it is obvious most of us are in favor of bitcoin and we have skin in the game to prove it, if Warren Buffet does not believe in bitcoin then that is his choice and that is fine, what bothers me are all of those economist advisors which in one hand condemn bitcoin and secretly they are investing in bitcoin or that are paid to express bad opinions about bitcoin.



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January 28, 2018, 06:06:33 PM
 #25

WB could be a selfish and thats wat makes his worth that much. He evaded technology all those years successfully and didnt have a computer on his desk and sent only one email all through his life. He is a very different person. May be thats why he is rich.
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February 01, 2018, 06:20:38 PM
 #26

It might help to remember Berkshire Hathaway and bitcoin (crypto) are competitors in a sense like coke and pepsi.

If the old way of doing things like stocks and bonds are Pepsi and bitcoin is Coke does this means that bitcoin cash is like the New Coke that everyone will abandon and hate, and that the lightning network will be the old flavor of Coke reintroduced after the New Coke fiasco and that we will win the cola wars the same way Coke won by just reintroducing the old stuff, this is great news. Grin



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February 01, 2018, 06:45:55 PM
 #27

I respect what he says about intrinsic value, economic moat, and whether something is under / over value.

However, I cannot but have to conclude that he is overly selfish, though incredibly intelligent and rational.

I remember he says something about the airline industry and even the IT industry (dotcom). What he says about the airline industry is that with its inherent capex, airline industry has not created any wealth for its shareholders.

The fact that Warren Buffett is so clear headed and as a matter of fact, that he is undeniable. At the same time however, he is overly cold.

Putting aside that the airline industry by itself really does not generate any / significant wealth for its shareholders, what is undeniable is airline's impact on our world. That we travel more often and the whole economy grows as a result.

The same can be said of the dotcom industry.

His donation of all his wealth after his eventual death is of course to be lauded & commended. However, that came as an afterthought.

Also what worries me even more is that before Charlie Munger became his partner he was not even concerned with Management Quality. To him, a company that is undervalued but with lousy management can still be invested upon, and good management with an overvalued company cannot be invested upon.

It is way too cold for my liking. I often tell people when I evaluate company I am also pretty much cold, I don't like to listen to reasons and results speak louder than any bullshit that they might tell me.

If I am zero degrees celcius, then Warren Buffett is -273.15 degrees celcius (0 Kelvin).


Well, whatever he is, and whatever he did, or have become before he died is completely not his fault. and same goes to all the people out there. no one has the right to judge anyone just because the other thinks that he is better in anyway than the other. not unless, he has gone through the same experiences as the other. just like those children that was born and raised as a terrorist. they have been implanted with the mindsets that completely influenced who they became when they grew up which are terrorists. and i bet, that if anyone was in the same position, same lifestyle, same people around them, etc., that person would completely be just like the other that he is currently judging.

just an eye opener. Smiley

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February 13, 2018, 02:52:07 PM
 #28

I respect what he says about intrinsic value, economic moat, and whether something is under / over value.

However, I cannot but have to conclude that he is overly selfish, though incredibly intelligent and rational.

I remember he says something about the airline industry and even the IT industry (dotcom). What he says about the airline industry is that with its inherent capex, airline industry has not created any wealth for its shareholders.

The fact that Warren Buffett is so clear headed and as a matter of fact, that he is undeniable. At the same time however, he is overly cold.

Putting aside that the airline industry by itself really does not generate any / significant wealth for its shareholders, what is undeniable is airline's impact on our world. That we travel more often and the whole economy grows as a result.

The same can be said of the dotcom industry.

His donation of all his wealth after his eventual death is of course to be lauded & commended. However, that came as an afterthought.

Also what worries me even more is that before Charlie Munger became his partner he was not even concerned with Management Quality. To him, a company that is undervalued but with lousy management can still be invested upon, and good management with an overvalued company cannot be invested upon.

It is way too cold for my liking. I often tell people when I evaluate company I am also pretty much cold, I don't like to listen to reasons and results speak louder than any bullshit that they might tell me.

If I am zero degrees celcius, then Warren Buffett is -273.15 degrees celcius (0 Kelvin).

Investor billionaire Warren Buffett joined those who believe that the market of bitcoins is on the territory of the bubble.

According to MarketWatch, Buffett raised this topic during the annual question and answer session held in Omaha earlier this month. While Buffett focused on various topics, during his remarks, he sometimes approached the crypto-currency market.

"People are worried about big price movements, and Wall Street settles the differences," he said. Describing bitcoin as a "real bubble", according to the publication, Buffett also criticized the idea of ​​assigning value to bitcoin.

He said to those present:

"You can not evaluate bitcoin, because it is not a value asset."

The comments of Buffett fell on a significant month for Bitcoin. After in early October the price fluctuated around $ 4,300 dollars, a week ago it rose to more than $ 6,100.

The fact that Buffett takes a tough stance against bitcoin may not be surprising, given that in 2014 he advocated that investors stay away from bitcoin. "Basically, it's a mirage," he said then.

Buffett is not the only observer who comments on the latest developments on the market. Earlier this week, Saudi Prince Alwaleed bin Talal said that bitcoin would fail.

Do you think that this is just a theoretical threat? Do you know what is the distribution of hashing power for today? The five largest pools for mining produce 70% of the hashing capacity in general. There are three large miners - AntPool, DiscusFish and Bitfury. They joined forces and reached the fatal level of 51%.

A loss
Once lost, Bitcoin can not be retrieved. And this also applies to operations - after confirming bitcoins can not be removed or canceled.

Already more than 3.8 million bitcoins were lost forever, and this is 23% of the total.

In 2009, James Howells, a specialist in English information technology, at his home namaynil 7500 Bitcoin without much effort. Then he threw out the hard drive of Dell laptop. Today, a hard drive worth about $ 75 million continues to be among the garbage in the Wales dump.
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February 13, 2018, 11:24:17 PM
 #29

Warren Buffett is an expert in traditional investments and so his advices regarding crypto investments should not be given importance.

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O$IRIS
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February 13, 2018, 11:26:06 PM
 #30

Warren buffet is too old school to understand crypto-economics. Hence, scared to get burnt.
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May 15, 2018, 10:50:01 PM
 #31

Anyone with billion dollar of cash / portfolio becomes selfish at some point in their life...

Warren Buffet is selfish ? Well, put yourself in his shoes and ask yourself - Would you not call Bitcoin a scam, if you were Buffett and all your holdings were in stock markets, and it was becoming clear day by day that bitcoin adopters are not going to be looking at stock market as an investment opportunity, resulting a dip in his earnings..
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May 16, 2018, 01:41:38 AM
 #32

I think maybe that is what make warren buffet become richest person. They should be selfish and cold because in every bussiness, being selfish and being greed is good as long it can make profits

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May 16, 2018, 07:07:54 AM
 #33

I wouldn't call that selfish. Egoistic, self-absorbed maybe, with a little bit of vanity inside it. But not selfish.

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May 16, 2018, 08:46:04 AM
 #34

I think Warren Buffet is selfish or not it's individual right. He is among the world's rich and businessman too, everyone can assume but if I personally do not really respond.

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May 16, 2018, 08:59:12 AM
 #35

Warren Buffett is an example to follow for everyone who aims to be an investor. No matter the industry, the time or the amount invested, there is so much to be learnt from him.
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May 16, 2018, 09:57:05 AM
 #36


WARREN BUFFETT may be wise in his own openion, especially when you look at the statement credited to him from a lay mans parochial perspective.
To me he is not selfish because fish is expensive in my country Nigeria but he is "self empty".
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May 18, 2018, 11:00:48 PM
 #37

Warren Buffett is a good investor. But he was a good investor in the traditional business field he was interested in. He does not have the need to invest in electronic money, so what he says about electronic money is personal and his antipathy to Bitcoin. It is impossible to say that Warren Buffett is evil or kind on the basis of some of his statements. The problem is that researchers and investors in the Cryptocurrency market have a belief in what they are doing. I do not care much about Warren Buffett's speech.
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June 10, 2018, 11:50:42 PM
 #38

Isn't this one if the hallmarks of succession business men?
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June 11, 2018, 12:24:39 AM
 #39

I guess he's more of a realist, else he would not be in the position he's in. If one is going to invest into something simply based on whether they think they're good for the world or not, then you're not going to make as much money than if you invested on what you thought it was a greater opportunity.

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June 11, 2018, 02:52:56 AM
 #40

Warren Buffett is also known for being a philanthropist who has donated 99% of his fortune to Bill Gates' founding business. He was unselfish and he was one of the great philanthropists and philanthropists. most admired in the world,
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