[NEWS] Warren Buffet & Charlie Munger are experiencing the end of the world

 Hello everybody,
Warren Buffet, 87 years old, and Charlie Munger, 94 years old, are  currently experiencing something might feel like the world is going  nuts. After stating that cryptocurrencies and especially bitcoin are not investments, last week,  Mr. Buffet went one step further this week. 'Bitcoin is probably rat  poison squared', he is quoted by Becky Quick. Charles Munger -Buffet's  longest-time companion- is quoted with a much more drastic statement.  The trade of Bitcoin would be comparable to the trade of shit between  dementia patients. Does it sound funny when it comes from a 94-year-old? No, this  disrespect is inappropriate and does not do justice to these two  gentlemen. The 'problem' lies in understanding what an investment is and  what it constitutes. The definition of these two comes from a  completely different time. For the valuation of an investment, the price  development of shares was, in the eyes of the two, subordinated to the  prospect of sales and earnings. When the difference contracts were  developed in the 1980s, the two gentlemen had already  successfully  applied their strategy for almost two decades. The fact that they see  only speculative transactions in CFDs and other financial derivatives -  so as not to write gambling - is hardly surprising. Our understanding of investment as of today, that speculating is part  of the game, that we no longer just do it with conventional currencies,  that we bet on prices and their developments, are points that displease  this generation of businessmen. Ultimately, two things unite  theoretically in cryptocurrencies: 1. The alienation of the financial  world from the real economy 2. The alienation from physical reality  through virtual reality. So maybe you can understand the skepticism of  the two if you look at their story. Maybe then you can also discover one  or the other enriching warning behind their statements.