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Topic: Warren Buffet to buy Bitcoins? - page 4. (Read 6977 times)

legendary
Activity: 1806
Merit: 1003
November 15, 2013, 12:36:51 PM
#10
Do you think this will happen? I'd love the guy to own some 10,000 coins. Or is he too old for this thing?

Does anyone knows if he publicly mentioned anything about bitcoins?

He will not. Warren Buffet does not invest in new technology, he only invest in things that he can fully understand, companies with a proven track record.

His biggest holdings are: exxon mobile, coca cola, wellsfargo, IBM, walmart and american express
legendary
Activity: 1246
Merit: 1000
November 15, 2013, 12:35:20 PM
#9
He said Bitcoin is rat poison.

Too old imo.

Actually it was Munger who said that. Bill Gates thought it was a 'technological tour de force', and Warren Buffet thought that either Bill Gates or Munger was right. Or in other words: he has no clue and doesn't understand bitcoin enough to form an opinion on.
legendary
Activity: 1246
Merit: 1010
November 15, 2013, 12:32:19 PM
#8
He said Bitcoin is rat poison.

Too old imo.

Munger's quote.  On the face the quote seems very negative but he could be saying that finance is infested with rats and bitcoin is going to clear them all out.  Especially since it does have that potential.  I mean it was a very interesting choice of analogy out of infinite possibilities... this is a very clever guy and he's not about to drop a stock market tip on TV for free when he has paying customers that deserve his insight.  

Most likely he doesn't care one way or the other and just said it for laughs...

legendary
Activity: 1064
Merit: 1001
November 15, 2013, 12:29:35 PM
#7
Would be nice to compute what's the average sum he invested so far in any given stock and apply that to bitcoin, to see how much he would have.
sr. member
Activity: 462
Merit: 250
November 15, 2013, 12:28:25 PM
#6
I read in a few places that he thinks the whole currency is a bubble and would never buy bitcoins.  He's just too old to believe in this type of thing.
sr. member
Activity: 350
Merit: 253
November 15, 2013, 12:26:59 PM
#5
Warren "Be fearful when others are greedy and greedy when others are fearful” is unlikely to invest in Bitcoin. Besides, he typically avoids tech investments.
legendary
Activity: 1064
Merit: 1001
November 15, 2013, 12:16:18 PM
#3
He said Bitcoin is poison rat.

Source?
legendary
Activity: 861
Merit: 1010
November 15, 2013, 12:15:48 PM
#2
He said Bitcoin is rat poison.

Too old imo.
legendary
Activity: 1064
Merit: 1001
November 15, 2013, 12:14:55 PM
#1
Do you think this will happen? I'd love the guy to own some 10,000 coins. Or is he too old for this thing?

Does anyone knows if he publicly mentioned anything about bitcoins?

mod edit to correct misleading title
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