Straight from the King

[Cardboard]

http://www.kitco.com/news/2018-01-10/Warren-Buffett-Bitcoin-Craze-Will-End-Badly.html

 

Cardboard

[rkbabang]

Also from the King.

 

"“I was too dumb to realize [the opportunity with Amazon],” Buffett said on CNBC. Amazon shares have quintupled since 2011. “I did not think [bezos] could succeed on the scale he has.”

https://www.bizjournals.com/sanjose/news/2017/05/08/warren-buffett-google-amazon-ibm-tech-stocks.html

 

Kings are not infallible.

 

[JRM]

If you shorted Amazon in 1999 and held through from peak to trough you would have done well.  That is essentially what Buffett is recommending now with the 5-year expiration on the put options. 

[fareastwarriors]

Sizing Up Warren Buffett's Successor

 

 

https://www.bloomberg.com/gadfly/articles/2018-01-10/buffett-picks-good-time-to-nudge-berkshire-succession-forward

[Liberty]

Also from the King.

 

"“I was too dumb to realize [the opportunity with Amazon],” Buffett said on CNBC. Amazon shares have quintupled since 2011. “I did not think [bezos] could succeed on the scale he has.”

https://www.bizjournals.com/sanjose/news/2017/05/08/warren-buffett-google-amazon-ibm-tech-stocks.html

 

Kings are not infallible.

 

True, but I don't think those two things are quite comparable. There are hundreds of stocks that went huge over the years that Buffett didn't buy for whatever reason. Who catches them all? Impossible.

 

But Buffett is usually very careful not to take a position on assets being in bubbles unless he feels pretty strongly about it. He does it very rarely. He did it famously at sun valley. And he kind of did it now.

 

Doesn't mean he's right, but it's not the same kind of threshold as admitting to missing Amazon or Google or whatever.

[Cardboard]

Better than gold? 14 days to clear payments from one of the biggest proponents... I wish I had the "crying while laughing out loud emoticon"!!!

 

http://www.cnbc.com/id/104939604

 

Cardboard

[SnarkyPuppy]

"I get into enough trouble with things I think I know something about," he added. "Why in the world should I take a long or short position in something I don't know anything about."

 

I notice a recurring theme. 

[SnarkyPuppy]

Better than gold? 14 days to clear payments from one of the biggest proponents... I wish I had the "crying while laughing out loud emoticon"!!!

 

http://www.cnbc.com/id/104939604

 

Cardboard

 

"The conference organizer, Moe Levin, earlier told Bitcoin.com that his company was working to get bitcoin cash or other digital assets with cheaper fees integrated into the ticketing system."

 

The CEO of Bitcoin.com is Roger Ver.  LOL.