Warren Buffett is a value investor.
Value investing works only on monopolies.
I give you an example:
Coca Cola Company 400,000,000 shares Berkshire Hathaway Holding.
Coca Cola feeds on two things: monopoly in shelf space & addiction to sugar.
In this new era i see two things happening. Monopoly in shelf space will stop existing as people buy more and more online.
People who are starting to get informed on whats healthy and not actually stop to consume processed sugar.
American Express, Visa & Mastercard (he owns all three)
It thrives on monopoly. There are practically only these three.. no wonder he dislikes Bitcoin
I could go on and on but what these old elites dont understand they made money off of monopolies.
Exactly those are being broken down by decentralization.
All these type of tactics by the companies to stay in power are diminishing.
They all thrive on past ignorance of consumers & lack of choice.