Showing posts with label warren buffett. Show all posts
Showing posts with label warren buffett. Show all posts

"I Am A Buffett Disciple, But He's Wrong About Bitcoin" - former Facebook executive Chamath Palihapitiya responds to Warren Buffett...


Chamath Palihapitiya, Social Capital founder and CEO, discusses his outlook on bitcoin and recent critical comments on the digital currency from Bill Gates and Warren Buffett.


Palihapitiya was born in Sri Lanka, raised in Canada, and has worked for much of his life in Silicon Valley. Palihapitiya is an owner and board member of the Golden State Warriors basketball team. He has also previously held executive positions at both AOL and Facebook. 
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Video: Warren Buffett - clueless on crypto...


Editors note: We do think some perspective is needed when someone like him speaks on the topic of cryptocurrencies, or tech in general. Buffett made his billions in old traditional industries and traditional finance - coal, tobacco, Coca Cola, Heinz, Bank Of America - you get the idea.

On technology he's the first to admit - it's not his area of expertise.

When asked why he missed out on Amazon, his response was "I was too dumb". 

When asked why he hadn't invested in Google - "I blew it" said Buffett.

Buffett is indeed a genius - in his fields. Technology isn't one of them. In fact history tells us if it's tech and Buffett doesn't believe in it - a bright future is ahead.

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Author: Ross Davis
San Francisco News Desk

Let's remember how wrong Warren Buffett has been about technology before...

With cryptocurrency in the spotlight and a media that loves to push doom and gloom, Warren Buffett's comments today are being picked up and shared by virtually every mainstream and financial news outlet.

For those who don't know, Warren Buffett is one of the most successful investors on the planet and he's made billions doing it.  In 2008 he was the "richest person in the world" - so understand we're not calling him stupid, that's not the point here.

Today speaking to CNBC's "Squawk Box" he said on the topic of cryptocurrencies:

 "I can say with almost certainty that they will come to a bad ending."

But we do think some perspective is needed when someone like him speaks on cryptocurrencies, or tech in general.

Buffett made his billions in in old school industries and traditional finance - coal, tobacco, Coca Cola, Heinz, Bank Of America... you get the idea.

On technology, he's the first to admit - it's not his area of expertise.

When asked why he missed out on Amazon, his response was "I was too dumb".  When asked why he hadn't invested in Google - "I blew it" said Buffett.

Buffett is a genius, when it comes to the things he's a genius on. Technology isn't one of them. 

In fact, history tells us, if it's tech and Buffett doesn't believe in it - a bright future is ahead.

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Author: Oliver Redding
Seattle News Desk

Katy Perry talks cryptocurrency with Warren Buffett (yes, really)...

"No big deal just asking Warren Buffett his thoughts on cryptocurrency" is all the instagram post read, with no answer on what Buffett had to say. 

But we know Buffett admits he's not a believer -  but also admits he didn't understand Google and Amazon either, and missed out on investing in both.  

Buffett has made some genius-level plays in the market - tech just isn't his specialty.

Perry's intstagram post.

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Author: Adam Lee
Asia News Desk