Denker
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March 20, 2015, 10:49:37 AM
Last edit: March 20, 2015, 12:29:49 PM by Denker |
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I read somewhere recently that 40% of berkshire hathaway is shares in wall street banks and legacy financial firms. His opinion is not objective.
On dataroma you can check Berkshire's portfolio in december 2014. http://www.dataroma.com/m/holdings.php?m=brkFinancials he was invested in at that time: Wells Fargo 23,23%, American Express 12,9%, U.S. Bancorp 3,29%, Goldman Sachs Group 2,24%, Moody's Corp 2,16%, Bank of New York 0,82%, M&T Bank Corp 0,62%, Visa Inc 0,60%, Mastercard Inc 0,43%, Sector analysis: Financials 45,57 % of the whole portfolio. You're right mate! |
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oblivi
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March 20, 2015, 06:32:25 PM |
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I read somewhere recently that 40% of berkshire hathaway is shares in wall street banks and legacy financial firms. His opinion is not objective.
On dataroma you can check Berkshire's portfolio in december 2014. http://www.dataroma.com/m/holdings.php?m=brkFinancials he was invested in at that time: Wells Fargo 23,23%, American Express 12,9%, U.S. Bancorp 3,29%, Goldman Sachs Group 2,24%, Moody's Corp 2,16%, Bank of New York 0,82%, M&T Bank Corp 0,62%, Visa Inc 0,60%, Mastercard Inc 0,43%, Sector analysis: Financials 45,57 % of the whole portfolio. You're right mate! Warren Buffet has never invested in anything too risky or revolutionary like Bitcoin. Most of his picks are always safe, solid ones and he holds them for long times. He's not got a say in Bitcoin because he doesn't understand it. |
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Denker
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March 20, 2015, 07:06:30 PM |
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I read somewhere recently that 40% of berkshire hathaway is shares in wall street banks and legacy financial firms. His opinion is not objective.
On dataroma you can check Berkshire's portfolio in december 2014. http://www.dataroma.com/m/holdings.php?m=brkFinancials he was invested in at that time: Wells Fargo 23,23%, American Express 12,9%, U.S. Bancorp 3,29%, Goldman Sachs Group 2,24%, Moody's Corp 2,16%, Bank of New York 0,82%, M&T Bank Corp 0,62%, Visa Inc 0,60%, Mastercard Inc 0,43%, Sector analysis: Financials 45,57 % of the whole portfolio. You're right mate! Warren Buffet has never invested in anything too risky or revolutionary like Bitcoin. Most of his picks are always safe, solid ones and he holds them for long times. He's not got a say in Bitcoin because he doesn't understand it. That is not the point here. The point is Buffett is heavily invested in old and traditional financial services and banking. So why should he speak positive about Bitcoin which could obviously be a big threat to these institutions in the future? Got it?! And of course he does not understand Bitcoin. But he also don't want to understand it imo. He is a old believer. I say just let him, it's his right to do so. He achieved a lot in his life.And I really respect that. But in terms of Bitcoin I am totally convinced he is wrong. |
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Chef Ramsay
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March 21, 2015, 02:13:50 AM |
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He's probably thinking that he should stay with what he knows best and when you've got that type of money you don't need anything that's particularly volatile. Furthermore, he has no need to learn anything new at that point in his life as he's probably got 5 or so years left until he passes on so there's no real point. I'm sure a lot of the middle aged and younger folks in his sphere are taking note and keeping an eye on Bitcoin.
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BillyBobZorton
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March 22, 2015, 12:23:01 AM |
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He's probably thinking that he should stay with what he knows best and when you've got that type of money you don't need anything that's particularly volatile. Furthermore, he has no need to learn anything new at that point in his life as he's probably got 5 or so years left until he passes on so there's no real point. I'm sure a lot of the middle aged and younger folks in his sphere are taking note and keeping an eye on Bitcoin.
True but since he is a big name in the investing world, if the not the biggest one, I hate how influential he is and how if Buffet says something is not worth investing, all those idiots fanboys will parrot the same thing. |
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Q7
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March 22, 2015, 01:51:26 AM |
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I read somewhere recently that 40% of berkshire hathaway is shares in wall street banks and legacy financial firms. His opinion is not objective.
On dataroma you can check Berkshire's portfolio in december 2014. http://www.dataroma.com/m/holdings.php?m=brkFinancials he was invested in at that time: Wells Fargo 23,23%, American Express 12,9%, U.S. Bancorp 3,29%, Goldman Sachs Group 2,24%, Moody's Corp 2,16%, Bank of New York 0,82%, M&T Bank Corp 0,62%, Visa Inc 0,60%, Mastercard Inc 0,43%, Sector analysis: Financials 45,57 % of the whole portfolio. You're right mate! Warren Buffet has never invested in anything too risky or revolutionary like Bitcoin. Most of his picks are always safe, solid ones and he holds them for long times. He's not got a say in Bitcoin because he doesn't understand it. That is not the point here. The point is Buffett is heavily invested in old and traditional financial services and banking. So why should he speak positive about Bitcoin which could obviously be a big threat to these institutions in the future? Got it?! And of course he does not understand Bitcoin. But he also don't want to understand it imo. He is a old believer. I say just let him, it's his right to do so. He achieved a lot in his life.And I really respect that. But in terms of Bitcoin I am totally convinced he is wrong. I agree, I think that's the point that they want to stress on earlier. For instance, you can see amex, visa, mastercard, those are directly in competition with what bitcoin is trying to achieve right now. To become a payment system in the retail business. Obviously he can't be supporting bitcoin at the same time because the success bring eventually spell collapse for the others. |
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dataispower (OP)
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March 22, 2015, 09:28:09 AM |
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I read somewhere recently that 40% of berkshire hathaway is shares in wall street banks and legacy financial firms. His opinion is not objective.
On dataroma you can check Berkshire's portfolio in december 2014. http://www.dataroma.com/m/holdings.php?m=brkFinancials he was invested in at that time: Wells Fargo 23,23%, American Express 12,9%, U.S. Bancorp 3,29%, Goldman Sachs Group 2,24%, Moody's Corp 2,16%, Bank of New York 0,82%, M&T Bank Corp 0,62%, Visa Inc 0,60%, Mastercard Inc 0,43%, Sector analysis: Financials 45,57 % of the whole portfolio. You're right mate! Warren Buffet has never invested in anything too risky or revolutionary like Bitcoin. Most of his picks are always safe, solid ones and he holds them for long times. He's not got a say in Bitcoin because he doesn't understand it. That is not the point here. The point is Buffett is heavily invested in old and traditional financial services and banking. So why should he speak positive about Bitcoin which could obviously be a big threat to these institutions in the future? Got it?! And of course he does not understand Bitcoin. But he also don't want to understand it imo. He is a old believer. I say just let him, it's his right to do so. He achieved a lot in his life.And I really respect that. But in terms of Bitcoin I am totally convinced he is wrong. I agree, I think that's the point that they want to stress on earlier. For instance, you can see amex, visa, mastercard, those are directly in competition with what bitcoin is trying to achieve right now. To become a payment system in the retail business. Obviously he can't be supporting bitcoin at the same time because the success bring eventually spell collapse for the others. If bitcoin has such huge potential, couldn't he just buy a large portion of bitcoin and see what happens? It is not like he is emotionally invested in other payment services. |
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AtheistAKASaneBrain
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March 22, 2015, 05:05:40 PM |
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I read somewhere recently that 40% of berkshire hathaway is shares in wall street banks and legacy financial firms. His opinion is not objective.
On dataroma you can check Berkshire's portfolio in december 2014. http://www.dataroma.com/m/holdings.php?m=brkFinancials he was invested in at that time: Wells Fargo 23,23%, American Express 12,9%, U.S. Bancorp 3,29%, Goldman Sachs Group 2,24%, Moody's Corp 2,16%, Bank of New York 0,82%, M&T Bank Corp 0,62%, Visa Inc 0,60%, Mastercard Inc 0,43%, Sector analysis: Financials 45,57 % of the whole portfolio. You're right mate! Warren Buffet has never invested in anything too risky or revolutionary like Bitcoin. Most of his picks are always safe, solid ones and he holds them for long times. He's not got a say in Bitcoin because he doesn't understand it. That is not the point here. The point is Buffett is heavily invested in old and traditional financial services and banking. So why should he speak positive about Bitcoin which could obviously be a big threat to these institutions in the future? Got it?! And of course he does not understand Bitcoin. But he also don't want to understand it imo. He is a old believer. I say just let him, it's his right to do so. He achieved a lot in his life.And I really respect that. But in terms of Bitcoin I am totally convinced he is wrong. I agree, I think that's the point that they want to stress on earlier. For instance, you can see amex, visa, mastercard, those are directly in competition with what bitcoin is trying to achieve right now. To become a payment system in the retail business. Obviously he can't be supporting bitcoin at the same time because the success bring eventually spell collapse for the others. If bitcoin has such huge potential, couldn't he just buy a large portion of bitcoin and see what happens? It is not like he is emotionally invested in other payment services. He either legitimately believes Bitcoin is pointless, or he sees it as a treat for his future holdings, therefore intentionally spreads FUD's so their followers will think like him and hopefully keep their money away from it. |
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Wekkel
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yes
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March 22, 2015, 11:02:54 PM |
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In this case I would think: honey badger.
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lucasjkr
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March 23, 2015, 03:32:40 PM |
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We need to be more open minded. We're almost in dangerous territory, where the community attacks anyone who delivers a less than glowing analysis, whether that person is famous like Buffett or a fellow poster on Bitcoin talk. Always looking for ulterior motives as well, whether it's because Buffett owns bank stocks, someone else could be a supposed paid shill or else the constant contention that people are trying to spread FUD in order to buy on the cheap.
Fact is, bitcoins future could be less than glowing, or we could colkectively be overvaluing it.
As far as disinterested parties go, I thibh Buffett is in that crowd. Unlike all of us, he doesn't own Bitcoin, so his prerogative isn't seeing its value skyrocket. Yes, Bitcoin competes with the banks and credit card companies he owns, but that's beside the fact, I think. If Bitcoin was to take hold as so many of us hope, it's valuation COULD increase manyfold. He could buy a substantial amount of bitcoins for what would be pocket change to him. If there's even a 1% chance of it succeeding, then the losses in his finance investments would be made up for by gains in Btc. So yeah; he might be an owner of financial stocks, but he's one of the shrewdest investments minds out there, so I wouldn't discount his analysis simply because of his equity exposure
This is a man that talks down PMs but attempted to corner the silver market years ago
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redhawk979
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March 23, 2015, 11:26:17 PM |
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We need to be more open minded. We're almost in dangerous territory, where the community attacks anyone who delivers a less than glowing analysis, whether that person is famous like Buffett or a fellow poster on Bitcoin talk. Always looking for ulterior motives as well, whether it's because Buffett owns bank stocks, someone else could be a supposed paid shill or else the constant contention that people are trying to spread FUD in order to buy on the cheap.
Fact is, bitcoins future could be less than glowing, or we could colkectively be overvaluing it.
As far as disinterested parties go, I thibh Buffett is in that crowd. Unlike all of us, he doesn't own Bitcoin, so his prerogative isn't seeing its value skyrocket. Yes, Bitcoin competes with the banks and credit card companies he owns, but that's beside the fact, I think. If Bitcoin was to take hold as so many of us hope, it's valuation COULD increase manyfold. He could buy a substantial amount of bitcoins for what would be pocket change to him. If there's even a 1% chance of it succeeding, then the losses in his finance investments would be made up for by gains in Btc. So yeah; he might be an owner of financial stocks, but he's one of the shrewdest investments minds out there, so I wouldn't discount his analysis simply because of his equity exposure
This is a man that talks down PMs but attempted to corner the silver market years ago
KILL THIS HERETIC |
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neurotypical
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March 24, 2015, 12:33:21 AM |
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We need to be more open minded. We're almost in dangerous territory, where the community attacks anyone who delivers a less than glowing analysis, whether that person is famous like Buffett or a fellow poster on Bitcoin talk. Always looking for ulterior motives as well, whether it's because Buffett owns bank stocks, someone else could be a supposed paid shill or else the constant contention that people are trying to spread FUD in order to buy on the cheap.
Fact is, bitcoins future could be less than glowing, or we could colkectively be overvaluing it.
As far as disinterested parties go, I thibh Buffett is in that crowd. Unlike all of us, he doesn't own Bitcoin, so his prerogative isn't seeing its value skyrocket. Yes, Bitcoin competes with the banks and credit card companies he owns, but that's beside the fact, I think. If Bitcoin was to take hold as so many of us hope, it's valuation COULD increase manyfold. He could buy a substantial amount of bitcoins for what would be pocket change to him. If there's even a 1% chance of it succeeding, then the losses in his finance investments would be made up for by gains in Btc. So yeah; he might be an owner of financial stocks, but he's one of the shrewdest investments minds out there, so I wouldn't discount his analysis simply because of his equity exposure
This is a man that talks down PMs but attempted to corner the silver market years ago
The problem is he doesn't know what he is talking about. He literally does not get it, he doesn't know how to use it, and not only that, he doesn't know what Bitcoin really does and therefore what role it plays. Tell me why should I hear this guy then. |
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okthen
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March 24, 2015, 12:52:00 AM |
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He's probably thinking that he should stay with what he knows best and when you've got that type of money you don't need anything that's particularly volatile. Furthermore, he has no need to learn anything new at that point in his life as he's probably got 5 or so years left until he passes on so there's no real point. I'm sure a lot of the middle aged and younger folks in his sphere are taking note and keeping an eye on Bitcoin.
I really hope he doesn't have that mentality! Regardless of his position concerning bitcoin, he's a remarkable man. I don't see this sort of intelligence as really a lack of wish to know more in your final years, but age probably is a big barrier for the older folks. Or maybe he's just chosen to take a strong position, that way he has 50% chance of being remembered as a prophet of the future of economy. |
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bytezero
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March 27, 2015, 05:35:19 AM |
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Buffet is known for not investing in technology
In early 1990's, Buffet said "Internet have no future, it's only for porn and gambling".
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Shiver
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March 27, 2015, 09:53:36 AM |
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The guy has a lot of zeros on the end of his account balance for sure, but if you measure it in ROI % then there are a few people on this forum that have massively outperformed Buffet.
When you get to his portfolio size then you have to invest in a different style than a small player, because you don't want to own the whole market and have nobody to sell to.
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Syke
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March 27, 2015, 03:52:32 PM |
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The guy has a lot of zeros on the end of his account balance for sure, but if you measure it in ROI % then there are a few people on this forum that have massively outperformed Buffet.
Over the last 5 years, Birkshire Hathaway has performed roughly equal to the DJIA and the NASDAQ. Extremely underwhelming for someone supposedly great at stocks. |
Buy & Hold
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prodigy8
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March 28, 2015, 11:01:23 PM |
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this old man don't see the potential of the new technology !
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zee11224
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Authentic Individual
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April 04, 2015, 11:00:50 AM |
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FIRST OF ALL We all Use Fit that FACT in Our MIND that Bitcoin IS NOT Design FOR MAKING LOCAL MONEY BUY SPECULATING
Bitcoin is Design For Use Instead of LOCAL Currency.
So STOP Using this as Personal Speculation Company Share. THIS IS NOT Company Share or Investment Firm.
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pleaseexplain
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April 04, 2015, 12:13:20 PM |
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alot of the posters talk about Buffett as though he is unsupported ie has to struggle himself to understand bitcoin. I am sure he has some of the smartest advisors around in his company and will have had reports given to him on bitcoin prepared by both believers and non believers.
Thats why his views are important and why he should be listened to. Sure he will be "biased' towards one way over another but that bias has stood him in good stead over the years. As another poster has said - its not really about the benefits or otherwise of the thing (here bitcoin) but whether the thing will take off (aka adoption)
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