Everything that Warren Buffett says out loud is stump stupid. Every. Single. Thing. Just plain dumb. Whether it's crypto, gold, taxes, energy, whatever. The things he says in public are meant to pander to stupid people so they will revere him and use his words to promote dumb ideas. I don't know if he's talking out his ass about crypto, or if he's saying what he's saying to make ignorant people feel smug in their ignorance.
Is crypto in a bubble? Probably. Sure looks like one. Don't know how high it will go before it pops though. But a popping bubble is different than a bad end. Tech was in a bubble in the 90's. Real Estate was in a bubble in the aughts. No one says Tech and Real Estate are worthless and will come to a bad end.
The things Warren Buffett says are so patently absurd, you can safely dismiss everything anyone who quotes him favorably ever says.
In this video you represent Warren Buffett as having said something reasonable. You need to revise and extend your remarks least you have to ware that badge.
I disagree - I think Warren Buffett is one of the good guys. I have spent a lot of hours in finance too, so I get a lot of what he says beyond the basic surface-level understanding. I may not agree with his final assessment of cryptocurrencies here, but I feel I am more in agreement with him than disagreement. Guess we'll have to agree to disagree here.
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Really? You think Warren pays less tax than his secretary? Do you think gold is an unproductive asset?
The man is obviously smart. Genius even. But the things he says in public are not to be taken seriously.
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