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I think TSM is a WEB buy not T&T. I think he dumped USB and swapped it for TSM basically (seeling USB is still in progress I think). TSM is probably for WEB an "inevitable" company/business and he may have learned how important they are through Apple / Tim Cook. I hope he is right about buying TSM and wrong about selling USB , since I bought both recently.

Fascinating purchase by Berkshire. A couple of thoughts. 1. Is this a cheap way to ride the Apple juggernaut? 2. Is this more Munger than Buffett? Charlie being interviewed tomorrow on CNBC - coincidence? 3. TSMC were down another 10% from the end of Q3 so perhaps this position is closer to $5-6bn (taken into account the bounce and Buffett pop). 4. Would the recent discussions of 3nm manufacture in the USA figure at all i.e. more USA exposure less China risk.

It always surprises me that when Buffett and Munger say that cryptocurrencies are worthless, there are thousands of intelligent people arguing otherwise. Buffett and Munger have a very, very high success rate with these predictions. The counter argument is always that Buffett doesn't understand crypto. That's like saying Einstein doesn't understand the relativitaets theory. An asset is worth the discounted cash flows. Since crypto doesn't produce anything, they are worthless.... Crypto people always come up with elegant theories, but investing is simple. The elegant theories are probably made from the people who are selling or profiting from high crypto prices or are technology people, which like the technology aspects of crypto. Investing is simple, but not easy.