buffet knows precisely nothing about technology
doesnt use email, laptops nothing
he refused to invest in ibm, google, apple etc
he has made shitloads out of railroads, real world stuff. no problem
but missed out on 10 times what he could have done.
bottomline I couldn't care what he thinks.
hopefully the buffets and murdochs of this world will be gone soon, in their eighties, can't be too long...
A lot of people do care what he thinks because he has been such a successful investor. He is one of the very few people that have been able to achieve above market returns over the long term (decades).
With that being said he does not invest in things that he does not understand, and he does not understand most technology companies, and bitcoin is much more advanced then technology companies
I agree with you
I just said
I didn't care what he thinks about btc
millions care what he thinks and he has a huge following. I watched a documentary about him a few years ago and he has a huge conference/festival built around him, a cult like following and he's been on the money for decades. always in top 3 richest people
he alone was most successful investor of 20th century!
so, not doubting his acumen, but he can be spectacularly wrong, and it is always in tech sector.
apple, google, ibm etc
frankly speaking an idiot could see where the high street was heading 5 years ago, charity shops, bookies, cash converters, lidl etc
but he stocked up on tesco way over the odds too and had to dump at a huge loss
he is a very intelligent man, it's possible he may admit he's wrong in future and brush it away as nothing as he admits he doesn't really understand the tech space
let's face it, he doesn't need the money so it doesn't really matter to him too much
