Thiel: Warren Buffett is a "sociopathic grandpa from Omaha"

[cr1776]

You have to love Peter Thiel today:
1. Warren Buffett is a "sociopathic grandpa from Omaha"
2. On ESG: "The finance gerontocracy that runs the country through whatever silly virtue signaling slash hate factory term like ESG they have, versus what I would call, what we have to think of as a revolutionary youth movement."
3. Blackrock/Fink/Jamie Dimon are part of the "gerontocracy" aligned against bitcoin, and consequently freedom and liberty for regular people around the world.

He is right - the elites around the world don't want people to be free from their control, they want power and money and are willing to enslave the world to get it.  Just look at who Buffett and his fellow American Oligarchs -like Bezos, Buffett, Dimon etc- support in the US. 











see e.g. https://fortune.com/2022/04/07/peter-thiel-bitcoin-warren-buffett-jamie-dimon-larry-fink/

[hatshepsut93]

Dude with a networth of 9 billion is firing shots at other billionaires like he is some Karl Marx or Lenin. He's just mad that he isn't a #1 billionaire.

Is no one here finding it sus that lesser millionaires and billionaires are hopping onto the Bitcoin train and become freedom advocated? As I see it, they only care about their enrichment, just like Buffet or Dimon, and Bitcoin is just a tool for that.

It can be positive to have these rich people involved, because they can influence the lawmaker, but it can also be negative - they could try to change Bitcoin for the worse, the SegWit2x attack was one such attempt.

[Yogee]

No comment on his "attacks" but he should have mentioned Charles Munger instead of Warren Bufffet since the former has been more vocal with his view against BTC lately.

Is no one here finding it sus that lesser millionaires and billionaires are hopping onto the Bitcoin train and become freedom advocated? As I see it, they only care about their enrichment, just like Buffet or Dimon, and Bitcoin is just a tool for that.

I don't expect them to change their strategy and protecting their wealth or amassing more. We cannot really force them anyway.

Watch out for the wealthy guys in the middle east as they may take advantage of the more favorable crypto environment there.

[Kemarit]

I think we should understand why this so called old traditional fart really anti-bitcoin. They have been in control and according to them, they made their billions using the old way. But now that bitcoin and the rest of the crypto market are challenging the status quo for what? 10 years and specially in the last 5 years or so, many investors are shifting to crypto and this grandpa wanted to keep the power they have been holding for years by attacking the market in the media. But so far they are not successful, on the contrary the more they attack the more crypto gets adopted, how ironic.

[stompix]

You have to love Peter Thiel today:

He is right - the elites around the world don't want people to be free from their control, they want power and money and are willing to enslave the world to get it.  Just look at who Buffett and his fellow American Oligarchs -like Bezos, Buffett, Dimon etc- support in the US. 

You do know Thiel has been a member of the Bildenberg Group committee for like a decade or so, alongside Bezos, right? And that he is one of the biggest sponsors of congressional candidates, Republicans of course as he is Trump's biggest fan and sponsor.
So, when talking about power control and money is laughable to bring in somebody like him who poses like an angel with his libertarianism while serving as the CEO of Palantir.

Dude with a networth of 9 billion is firing shots at other billionaires like he is some Karl Marx or Lenin. He's just mad that he isn't a #1 billionaire.

Neha, it's about politics now, it got worse since he's out of Meta, he's having trouble finding his base support and now lashes at everyone who has a bad reputation with the masses, testing the waters to see the success of the recipe, after all, he's going full steam ahead into politics this year.

[cr1776]

He puts his money where is mouth is though for freedom instead of, say, Soros, Bezos, Buffett who invest for control.  e.g. Bufffett arguing for higher taxes while doing everything he can to minimize his.  He could easily pay extra.  Or not set up a foundation to avoid all estate taxes.  He is a hypocrite and certainly no friend of liberty.

Dude with a networth of 9 billion is firing shots at other billionaires like he is some Karl Marx or Lenin. He's just mad that he isn't a #1 billionaire.

Is no one here finding it sus that lesser millionaires and billionaires are hopping onto the Bitcoin train and become freedom advocated? As I see it, they only care about their enrichment, just like Buffet or Dimon, and Bitcoin is just a tool for that.

It can be positive to have these rich people involved, because they can influence the lawmaker, but it can also be negative - they could try to change Bitcoin for the worse, the SegWit2x attack was one such attempt.

[franky1]

warren buffet is not a social-path.. he is a multilayered investor.
he does not invest in commodities. he invests in the businesses that produce the commodities to 'triple-protect' his investments
EG if wheat yields have a bad market season. those investing in just wheat have no hedge. but if you own the farm(business) harvesting wheat, and also the land the farm sits on..  even in a bad season you atleast still have the assets of the farm/land to sell off/lease out.

EG bad harvest, fine lease out business to a national chain of agriculture. .. bad season from leasing, thats fine sell the land. that way you have a backup of a backup

buffet doesnt just invest in the patent for cocacola's recipe, or in its product sales. he invests in cocacola as a company which includes all the bottling/caning plants and distribution trucks. so that if cocacola make a profit from just the sales of the fizzy fluid he makes profit too. but he can also make profit selling off the physical assets(factories) if cocacola doesnt make profit from the fizzy liquid

..
bitcoin as a asset is not as muiltilayered.. but bitcoin as a industry IS(well, its getting there)
yes there is the (farm analogy: commodity) asset.. btc
  yes there is the (combine harvester)miner.. asic
     yes there are (farm) asic farms.. asic warehouses/pools

so if warren buffet wants to stick to his hedged investments of multilayers by buying the farmland instead of the wheat to yield profits from wheat prices.. he could do the same in bitcoin via investing in mining farms. although most mining farms lease warehouses instead of buying land. so he would need to invest in a mining farm that owns land to have the same layers of investment protection.
his issue with that is that there are not many regulated investment businesses on the regulated public share markets offering stocks/shares in whole mining farm companies.. most mining farms are private businesses not public listed businesses on stocks/shares markets. so he cant really invest in them

[pooya87]

I honestly don't see much of a difference between Peter Thiel (co-founder of PayPal) and others that were mentioned. They all want centralization and foam at the mouth for total control and vast amount of money at under their fingertip (most of which aren't their own).

e.g. Bufffett arguing for higher taxes while doing everything he can to minimize his.

As far as I can tell this is ensured by US law that the more money you have the less tax you will pay. All these billionaires have been changing the law for their own benefit mostly starting from Carter and Reagan and the introduction of capitalism.

[mk4]

"When you think ESG, think CCP." That sht was a mic drop moment right there.

Like or hate Thiel's opinions, what I like about him is that he ain't afraid to voice his thoughts regardless how controversial they can be lol.

[Flexystar]

Gerontocracy - a state, society, or group governed by old people. Government based on rule by old people.
-oxford dict.

I dont really think they became oldies just like that. They might have been busy venturing their businesses, grand success does not come out of thin air. If these oldies are billionaires and they run the nation then they have unique aggression against bitcoin.
Yes off course Warren might be angry with bitcoin because its making many ways of investing and trading way easy for common people. Its just that, he just want it the old way and hardest way.

I see bitcoin as completely smartest way to invest and gain returns. With so much money, they will always fear the king race of billionaires.

I honestly don't see much of a difference between Peter Thiel (co-founder of PayPal) and others that were mentioned. They all want centralization and foam at the mouth for total control and vast amount of money at under their fingertip (most of which aren't their own).

e.g. Bufffett arguing for higher taxes while doing everything he can to minimize his.

As far as I can tell this is ensured by US law that the more money you have the less tax you will pay. All these billionaires have been changing the law for their own benefit mostly starting from Carter and Reagan and the introduction of capitalism.

Exactly. The correct fear is "Decentralisation".

[TheNineClub]

Well, there's no secret that to get on the level of Buffett and the like, you need to burn some bridges, leave some (figuratively speaking) corpses behind you and enslave some people. So yeah, you could say that he shows some traits of a sociopath. But what I don't get is the constant barrage of Buffett inspirational quotes and advice videos like it somehow relates to the younger demographic that has nowhere near the advantages he has or has had in the past. But I guess some people like to pretend.

[avikz]

He is right - the elites around the world don't want people to be free from their control, they want power and money and are willing to enslave the world to get it.  Just look at who Buffett and his fellow American Oligarchs -like Bezos, Buffett, Dimon etc- support in the US. 

That's somewhat true! These people are controlling the world market with their billions of dollars and millions of people they have employed. So they often resort to predatory practices to capture the market so that they can be the only winner. A very simple example I can give - Amazon basics! If you don't know their business practices, just Google it! They are already shitting down thousands of small businesses by copying their products and selling under "Amazon Basics" brand name.

So it's no wonder that they would want people to run for money and not for crypto. That's why these billionaires have always spoken against cryptos and used their influence to discourage people from investing into it. But good things always find its way despite the odds!

[DeathAngel]

Buffett is a dinosaur & we all know what happened to them. He refuses to accept that bitcoin will play a huge role in the future of finance (publicly at least). If he refuses to adapt to new tech then he will become extinct (well he will literally be dead soon but you know what i mean).

[DapanasFruit]

While I don't agree with the stand and opinion of Warren Buffet on Bitcoin and cryptocurrency, there is no question that he is a very successful investor and that is something you can never discount from him and his long story of triumphs and acumen in the business of investing. In fact, I don't think Peter Thiel will be mentioning the man if he has not arrived at where he is. We have to respect for the things he stands for and leave things at that. Now, there is no need to badmouth anyone just because that person happens to be not on the side of Bitcoin...we live in a world where options and freedom should be fully respected and this is very true with investing as well. We could never expect all people to like, love and be passionate for Bitcoin and if you are one then good for you. That is something that Peter should understand...and I think he is old enough to get that fully so maybe he is just using controversial statements to draw some attention for himself. Anyway, any publicity bad or good remains to be publicity.

[Lucius]

You have to love Peter Thiel today:
1. Warren Buffett is a "sociopathic grandpa from Omaha"

Regardless of all the views Buffett has about Bitcoin, and regardless of the fact that he is not on my list of people I appreciate for one reason or another, I would not call him a sociopath just because he thinks negatively about Bitcoin. He’s an old-fashioned investor who’s too late to change anyway, and with one foot in the grave why should anyone care what he thinks of Bitcoin?

What worries me more are these modern sociopaths who are in a position to make laws and fight Bitcoin at a level where they can do the most damage. So I think our focus should be on some other things that we might have some influence on, and old people like WB should be left to enjoy the rest of their lives, even if their opinions don’t match ours.