Why Not Big Tech?

[james22]

Josh Brown just guessed the mystery stock BRK is buying is Amazon.

[Spooky]

But they already have Amazon in the 13F? Believe it is one of the T&T positions.

[james22]

Why not Bitcoin?

 

Buffett’s strong anti-crypto stance may change after reviewing the firm's performance in 2023. The top performing investment in 2023 for Berkshire Hathaway was a Brazilian fintech Nu Holdings Ltd.. The company owns Nubank, a neobank that offers credit cards and banking as well as crypto trading for users. It offers 15 different tokens, as well as its own utility token called Nucoin.

 

https://finance.yahoo.com/news/warren-buffett-warming-bitcoin-berkshire-213010874.html

 

 

[Luke]

13 minutes ago, james22 said:

Why not Bitcoin?

 

Buffett’s strong anti-crypto stance may change after reviewing the firm's performance in 2023. The top performing investment in 2023 for Berkshire Hathaway was a Brazilian fintech Nu Holdings Ltd.. The company owns Nubank, a neobank that offers credit cards and banking as well as crypto trading for users. It offers 15 different tokens, as well as its own utility token called Nucoin.

 

https://finance.yahoo.com/news/warren-buffett-warming-bitcoin-berkshire-213010874.html

 

 

Bitcoin peak? Delusion levels at the maximum?

[Spooky]

1 hour ago, james22 said:

Why not Bitcoin?

 

No chance in hell.

[mattee2264]

Buffett knows that bitcoin is a speculation. That doesn't mean it cannot go a lot higher especially if institutions decide they all want 5% of assets in bitcoin. But it is absolutely bizarre to call bitcoin a hedge for cash when it is so volatile and no actual real world transactions take place in bitcoin. It isn't even a good inflation hedge as 2022 showed. It is basically just another high beta play on the stock market and a sign that markets are still very speculative which Buffett alluded to in his recent letter. 

[mattee2264]

I also find it ridiculous that people use Apple as evidence that Buffett is now a tech investor. Apple is a luxury consumer goods company and Buffett understands consumer goods well and easily grasps the idea of the Apple ecosystem and the associated switching costs. It doesn't mean we can expect him to go piling into AI stocks. 

[james22]

1 hour ago, mattee2264 said:

Buffett knows that bitcoin is a speculation.

 

Is Nubank speculating in crypto?

[ValueArb]

On 2/27/2024 at 5:27 AM, james22 said:

Why not Bitcoin?

 

Buffett’s strong anti-crypto stance may change after reviewing the firm's performance in 2023. The top performing investment in 2023 for Berkshire Hathaway was a Brazilian fintech Nu Holdings Ltd.. The company owns Nubank, a neobank that offers credit cards and banking as well as crypto trading for users. It offers 15 different tokens, as well as its own utility token called Nucoin.

 

https://finance.yahoo.com/news/warren-buffett-warming-bitcoin-berkshire-213010874.html

 

 

 

First, its extremely unlikely that Buffett made the Nubank purchase. Second of all it's a bank that makes the vast majority of its earnings from being a bank, not from crypto. 

 

Anyone who thinks Buffett is ever changing his mind on crypto has no clue about how Buffett thinks about investing, and the very definition of someone without a clue is that grifter Anthony Scaramucci.