"I would short if there was an easy way to do it", Bill Gates said Monday in an interview on CNBC. Bitcoin was at around $3,200 in September 2017, then steadily rose to almost hit $20,000 in mid-December.
"The asset itself is creating nothing", said Buffett, comparing bitcoin to "productive" assets such as gold or a farm. Vetr raised shares of Berkshire Hathaway from a "hold" rating to a "buy" rating and set a $212.93 price objective for the company in a research note on Monday, February 5th. "When you're buying non-productive assets, all you're counting on is the next person is going to pay you more because they're even more excited about another next person coming along".
He said investors now are much better off owning USA stocks, whose prices are elevated but not in a "bubble", and it would take a "nanosecond" for him to choose stocks over 10- or 30-year US government bonds now yielding around 3 percent. "I think what Jeff Bezos has done is something close to a miracle..."
Asked why Mr. Buffett was willing to do business with gun makers, he retorted, "I do not believe in imposing my political opinions on the activities of our businesses". "Now, if you buy something like bitcoin or some cryptocurrency, you don't really have anything that has produced anything".
Warren Buffett, Charlie Munger regale the masses at Berkshire Hathaway's annual meeting
Buffett: The thing about investing, is that you're not interested in what other people think.
"If you're having trouble with your Apple phone, don't blame me", he said. You say, "look I can watch the crops grow and sell them". You're speculating. There's nothing wrong with it.
He also said investors should instead focus on Berkshire's operating earnings, which were up 49 percent to a record $5.3 billion in the first quarter. At the end of the first quarter of 2018, Berkshire owned $40.7 billion of Apple's shares - up from $28.2 billion at the end of 2017, The New York Times reported.
Buffett said he would be happy to see the Apple share price fall if it would spur repurchases.
After Posting Emotional Message, Bayern Teammates Reach Out To Sven Ulreich
The goal meant Bayern had to score two more goals to knock Real out and they only managed one, from James Rodriguez . Everybody must be proud that now we have a supervisor like him'. "We all have bad nights".