TagWarren Buffett

Warren Buffett has Enough Spare Cash to Buy Two-Thirds of All Existing Bitcoin

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Warren Buffett, Bitcoin

Warren Buffett isn’t much of a bitcoin fan. He’s called it rat poison squared, a gambling device, delusional, and a seashell with no inherent value. But, if he wanted to, he could become the biggest bitcoin whale of them all. Buffett could buy two-thirds of the existing BTC supply… in cash. Warren Buffett’s investment firm Berkshire Hathaway reported a record $122 billion cash pile in a recent...

Elon Musk & Tesla Insurance Ignore Warren Buffett's Warning

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elon musk, tesla insurance, warren buffett

By CCN Markets: Tesla CEO Elon Musk wasn't fazed by Warren Buffett’s discouraging words on the EV maker potentially getting into the auto insurance business. Tesla announced this week that it would do just that, beginning in its back yard: California. Tesla Insurance launches today in California to offer better rates for Tesla owners. — Tesla (@Tesla) August 28, 2019 In the off chance your...

Warren Buffett Piles Into Apple Stock as Key Profit Sector Plunges 63%

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warren buffett, tim cook, apple

Warren Buffett’s Berkshire Hathaway is compensating for its weak second quarter by increasing its holdings in Apple Inc. After 3.5 years since their last major acquisition, the Omaha-based conglomerate has built a $50.5 billion stake in the iPhone creator. The total makes Apple the largest holding in Berkshire. In May, Warren Buffett said that he was "pleased” with Apple’s first-quarter reports...

Justin Sun Suffers Health Setback, Reschedules Lunch with Warren Buffett

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justin sun, warren buffett

Readers may recall that Justin Sun won a prized lunch date with investing legend Warren Buffett earlier this year, bidding a record $4.57 million at a charity auction. $TRX down 8% in minutes after Justin Sun cancels his Warren Buffet lunch. Only in crypto. — Alex Krüger (@krugermacro) July 22, 2019 Warren Buffett's Tron Summit Postponed Hoping to educate Buffett on the miracle of...

eToro CEO, Binance Exec Join Justin Sun's $4.5 Million Buffett Lunch

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eToro, Justin Sun, Warren Buffett

The highly anticipated crypto power lunch between Warren Buffett and Justin Sun is growing and will now include two new members who promise to enrich the conversation between the two businessmen. eToro CEO Yoni Assia is one of them, having already pushed for an invitation initially. Would love to join as well ! I believe there is huge potential for social impact that can be done via #Crypto and...

Warren Buffett Crypto Power Lunch Adds Circle CEO Jeremy Allaire

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justin sun, warren buffett, jeremy allaire

The highly-anticipated Crypto Power Lunch between billionaire bitcoin skeptic Warren Buffett and Tron CEO Justin Sun has expanded to include Circle CEO Jeremy Allaire. Sun invited Allaire to his July 25 lunch on Twitter, and Allaire cheerfully accepted. "Hi Justin, I would be honored to join you and Warren Buffett next week to discuss crypto!! Count me in. Crypto is now a major global policy...

Bitcoin Is the 'Single Best' Financial Hedge: Warren Buffett 'Disciple'

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Warren Buffett disciple Chamath Palihapitiya on bitcoin

Venture capitalist Chamath Palihapitiya, a self-proclaimed "disciple" of billionaire Warren Buffett, says bitcoin is the best financial hedge against an uncertain world economy. And unlike his anti-crypto mentor Buffett, Palihapitiya thinks you should buy some bitcoin to protect yourself. “It’s the single best hedge against the traditional financial infrastructure,” Palihapitiya told CNBC...

Warren Buffett's Portfolio Lifted by Fintech Stocks. Is Bitcoin the Reason?

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warren buffett, bitcoin

As Berkshire Hathaway finishes out Q2 2019, its top 10 performing stocks were dominated by fintech companies that are making innovations in digital payments. Warren Buffett may have bitcoin and crypto to thank. They may be what's keeping Berkshire buoyant despite the $3 billion Kraft Heinz writedown in Q1. That resulted in a $4.3 billion stock crash. Worse, Berkshire took heavy damage in May...

Alex Rodriguez's Investment Acumen Impresses Warren Buffett

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alex rodriguez, warren buffett

One of the world’s most successful investors, Warren Buffett of Berkshire Hathaway, sent baseball legend Alex Rodriguez a gift via the media. Warren Buffett lauded Alex Rodriguez’s business sense. That could mean great things for A-Rod. Hello London! So happy to be here. Can’t wait for @RedSox vs @Yankees at London Stadium Saturday on @MLBONFOX & Sunday on @espn! 🇬🇧 🇬🇧 🇬🇧 pic.twitter...

Warren Buffett Watch: Tron CEO's $4.6M Lunch Is in July in San Francisco

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justin sun, warren buffett

By CCN Markets: Tron CEO Justin Sun has set July 25 as the date for his $4.6 million lunch with billionaire investor Warren Buffett. And it's going to take place in Silicon Valley instead of Manhattan, as originally scheduled. Buffett is from Omaha, Nebraska, and Sun's Twitter followers had suggested the lunch be held there. Justin Sun's Bid Was Record-Setting Sun revealed on Twitter that he...

Binance CEO Skips Lunch Invite With Bitcoin Basher Warren Buffett

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Binance, TRON, Warren Buffett

By CCN: It appears that Justin Sun's Crypto Avengers are going to be short one hero. Binance CEO Changpeng Zhao (CZ) has turned down the enthusiastic Tron creator's offer of attending his $4.5 million lunch with Bitcoin hating Warren Buffett. Bitcoin Evangelist Is Keen to Meet Warren Buffett It is undeniably a blow for Justin Sun that the CEO of the world's largest Cryptocurrency Exchange will...

Tron CEO Pays $4.5 Million to Give Warren Buffett His Best Crypto Pitch

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warren buffett, crypto, justin sun, tron

By CCN: In a frankly incredible turn of events, crypto hater Warren Buffett is going to have lunch with Justin Sun - not that he has any choice in the matter. The Tron founder won Buffett's GLIDE charity auction with a record $4.5 million bid. Tron Founder Pays $4.5 Million for Warren Buffett Pow-Wow To make matters worse for the billionaire who once called Bitcoin "rat poison squared," TRX's Sun...

Why Spending $3.5 Million for Lunch with Warren Buffett Is a Bad Idea

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Warren Buffett

By CCN: A charity auction is underway and lunch with Warren Buffett is up for grabs. The latest bid reportedly topped $3.5 million. There’s a sick irony in that Warren Buffett himself would tell that bidder not to waste his money on such a lousy investment. Don't Overpay for Lunch with Warren Buffett After all, Warren Buffett shares all of his wisdom frequently. There’s no secret to be learned...

Buffett's Amazon Stock Hoard Will Be Worth $1.4 Billion in 24 Months

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Warren Buffett Amazon stock

By CCN: In a shockingly-bullish call, Piper Jaffray predicts that Amazon stock will surge to $3,000 in as little as two years. That means Warren Buffett and Berkshire Hathaway's recent $900 million AMZN acquisition could be worth $1.44 billion in 2021. According to Piper analyst Michael Olson, this is a conservative projection of Amazon's stock price into the future. He says this stunning 65%...

Legendary Millionaire Investor Pivots from 'Fraud' to 'Alive and Well' on Bitcoin

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Mark Mobius, Bitcoin

By CCN: Bitcoin has converted yet another critic. World-famous investor and emerging markets guru Mark Mobius once called bitcoin a fraud. But in an interview yesterday with Bloomberg he appeared to change his mind, saying it was “alive and well.” “There’s definitely a desire among people around the world to be able to transfer money easily and confidentially. That is really the backing to...

Tech-Averse Warren Buffett's Company Wolfs $900 Million in AMZN Stock

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Warren Buffett

By CCN: By the end of Wednesday's trading, Warren Buffett's company Berkshire Hathaway had a stake in Amazon's stock worth $904 million, an SEC disclosure reveals. To get a sense of scale for how big Amazon.com is, the $900 million stake in Amazon's stock only puts Berkshire Hathaway in control of 0.1% of the e-commerce giant's retail empire. Warren Buffett disclosed the mammoth Amazon stock...

$1 Trillion Stock Market Massacre Risks Igniting Global Recession

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By CCN: Monday's devastating stock market massacre wiped a staggering $1 trillion from equities valuations as the U.S.-China relations escalated into a full-blown trade war. American farmers, among the worst hit by the trade war, are saying they feel like "it can't get worse," but economists fear a global recession is next. Global Recession Will Bite if Trade War Escalates In a note to clients on...

Elon Musk is About to Wipe Out Warren Buffett’s Biggest Business

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Elon Musk, Warren Buffett, Tesla,Berkshire Hathaway

By CCN: A new report out of ARK Invest is wildly bullish on self-driving technology powered by the likes of Tesla and Uber.  But the autonomous revolution will come at a huge cost for Warren Buffett’s biggest business: insurance. The firm, which manages $3 billion assets, says the car insurance industry faces its “biggest threat in history” as Elon Musk and others ramp up self-driving networks...

Buffett's Berkshire Scammed Out of Staggering $340 Million by Solar Ponzi Fraud

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Berkshire Hathaway, Warren Buffett

  By CCN: Berkshire Hathaway, the multinational corporation led by billionaire Warren Buffett, recorded a $377 million first-quarter charge for investment losses related to a solar Ponzi scheme. Berkshire invested $340 million in Ponzi scheme Berkshire made the disturbing revelations in a regulatory filing during its annual shareholders meeting last weekend. In the filing, the company...

'Ridiculously Cheap' Dow Stocks Will Explode in Trump Nirvana: Warren Buffet

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Dow, Dow Jones, Trump, Buffett

By CCN.com: As the Dow edges toward new record highs, Warren Buffett says US stocks have plenty of room to run. But on one condition: that interest rates remain low. It’s a big “if,” but one that US president Donald Trump is desperate to maintain. Trump has repeatedly called for a one percent cut in interest rates and slammed the Federal Reserve for moving in the other direction.  If Trump gets...

Warren Buffett Laughs Off Trump-Induced Dow Plunge

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Warren Buffett Dow stock market

By CCN: The Dow Jones plummeted from 26,502 points to 26,160 points within minutes after the opening bell as investors expressed shock at the decision of U.S. President Donald Trump to raise tariffs to 25 percent on $200 billion worth of Chinese goods. In the hours that followed, the Dow rebounded to 26,273 points, minimizing the day’s loss to about 0.87 percent. The Dow futures market...

Anti-Crypto Billionaire Munger Defends Bank Scandal as 'Honest Mistake'

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charlie munger, wells fargo

By CCN: Warren Buffett sidekick Charlie Munger likened "bitcoin people" to the apostle who betrayed Jesus. Meanwhile, he views scandals set in motion by Wells Fargo executives as an ‘honest mistake.’ Berkshire Hathaway owns a stake in Wells Fargo. Wells Fargo SCAM was 'Honest Mistake' Wells Fargo started to gain the reputation of being a bad actor as one scandal after the next unfolded. It...

Buffett Bro: Bitcoin 'Dementia' Patients Worship Judas Iscariot

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charlie munger warren buffett bitcoin

By CCN: Billionaire pals and colleagues Warren Buffett and Charlie Munger doubled-down on their bitcoin haterade at the 2019 Berkshire Hathaway annual shareholders meeting. Munger said bitcoin fans had invited him out for a drink this weekend, but he didn't even consider it because he thinks they're all traitors. "I've been invited during this gathering to go to a happy hour put on by the bitcoin...

Elon Musk, Warren Buffett Spar After Berkshire Billionaire Disses Tesla

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Elon Musk, Warren Buffett

By CCN: Billionaire Elon Musk joked about Warren Buffett after the Berkshire Hathaway chairman dissed his plans to launch Tesla insurance and said he'd bet against it. At the Berkshire Hathaway annual shareholders meeting this weekend, Buffett questioned the wisdom of a Tesla insurance product, which Musk plans to launch soon. Warren Buffett: I'd Bet Against Tesla Insurance Buffett — whose net...

Warren Buffett: 'Gambling Device Bitcoin Hasn't Produced Anything'

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Warren Buffett, bitcoin

By CCN: Turns out 88-year-old Warren Buffett isn't warming up to crypto after all. Speaking at what's been dubbed the "Woodstock of Capitalism", the billionaire investor told shareholders in Berkshire Hathaway how he really feels about bitcoin. His company's annual shareholder event is being held in Omaha today, and he just couldn't resist lamenting the digital currency that he just doesn't...

Warren Buffett Is Wrong on Cannabis And It's Hurting Coca-Cola's Stock

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Warren Buffett, Coca-Cola, cannabis stocks

By CCN: In an interview with Fox Business, Warren Buffett and Charlie Munger of Berkshire Hathaway revealed they would not be a fan of Coca-Cola getting into the cannabis business. Munger said: “It would be a big mistake. [Coca-Cola has] got such a wholesome image and cannabis doesn’t. It’s that simple.” Buffett added: "There's something in everybody's mind in the world practically about Coca...

Amazon Stock Jumps After 'Idiot' Warren Buffett Reveals Berkshire Stake

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amazon stock amzn jeff bezos warren buffett

By CCN: Billionaire Warren Buffett gave Amazon stock a jolt today after revealing that he owns AMZN shares and was "an idiot" for not investing in the e-commerce giant sooner. On May 3, Amazon closed at $1,962 a share, up 3.24%, on heavy volume of 6.2 million shares. Average daily trading volume is 4.17 million shares. Buffett: 'I've Been an Idiot for Not Buying Sooner' This morning, Amazon stock...

Warren Buffett Buys the Slump on Dubai's Plummeting Property Market

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Warren Buffett, Dubai

By CCN.com: Billionaire investor Warren Buffett has announced plans to enter Dubai’s real estate market. His company, Berkshire Hathaway, is surprisingly eyeing an expansion into Dubai at a time when the region's real estate market is slumping. Boom and Bust Cycles Ever since the oil slump of 2014, Dubai's economy never fully recovered. Prices have reportedly fallen by 25% in recent years and...

Warren Buffett Buys Amazon Stock; Will He Change His Mind On 'Rat Poison' Bitcoin?

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warren buffett stock market bitcoin

By CCN.com: Berkshire Hathaway just bought its first Amazon shares, Berkshire founder and CEO Warren Buffett revealed to CNBC Thursday night. On the eve of an annual Berkshire shareholders meeting in Omaha, Buffett told CNBC that someone at Berkshire's asset management desk just invested in some Amazon shares, but "it wasn't me." "One of the fellows in the office that manage money... bought some...

Warren Buffett Can't Catch the S&P, Seems Envious of Bitcoin's Success

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By CCN: Far be it from this columnist to criticize one of the most successful stock market investors of all time, but maybe Warren Buffett's just jealous of bitcoin. A stock market genius who began investing at 11 year's old, Buffett's company Berkshire Hathaway is now trailing the S&P 500. That's got to hurt. Worse, over the past decade, investors would have been better off putting their...

Democrat and Republican Parties are Both 'Full of Idiots': Charlie Munger

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charlie munger bitcoin berkshire hathaway

Berkshire Hathaway Vice President Charlie Munger launched a scathing bipartisan attack on the American political establishment, citing both parties, Democrat and Republican, as having fringe wings that are "full of idiots." Buffett Wingman Blames 'Ideological Nuttiness' for the State of D.C. In a recent interview, Munger blamed the economic crisis of the past decade on unfettered capitalism and...

Why Buffett & Bezos Venture 'Haven' Could Save Free Market Healthcare

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jeff bezos, warren buffett, haven

Healthcare has been a growing problem for Americans across the political spectrum for decades. Conventional political wisdom currently says it will likely be the central focus in the 2020 presidential election, and the Democrats ran with it to some success in the recent midterm elections. While private healthcare may seem to be on its last legs, a corporate venture from Berkshire Hathaway CEO...

AOC's Beloved MMT Earns Surprising Rebuke from Warren Buffett

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Alexandria Ocasio-Cortez, AOC, Warren Buffett, MMT

Warren Buffett may be a Democrat, but that doesn’t mean he’s on board with the economic policies promoted by progressive firebrand Alexandria Ocasio-Cortez. The congresswoman from New York plans to ramp up spending and drive the US deficit closer to the cliff-edge with a $40 trillion indulgence. Speaking in an interview with Bloomberg, the Oracle of Omaha made it clear where he stands on the...

Dr. Doom Buys First BTC, Is Warren Buffett next?

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Famed Swiss investor, analyst and, until recently, crypto skeptic Marc Faber, 73, has bought his first bitcoin in another sign the old guard of investments is warming to crypto. Speaking to German finance website Cash, Faber revealed he recently bought bitcoin for the first time to learn more about cryptocurrencies and following some persistent and high-profile badgering. Gloom, Boom and Doom His...

The Best Way to Know Bitcoin is a Conservative Investment

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Bitcoin, warren buffett

Before looking at the best way to know bitcoin is a conservative investment (a very impressive 10 year bitcoin trend that has many investors pouring money into bitcoin)... Here's the best way to know bitcoin is not a conservative investment, but a terrible get rich quick scheme, "probably rat poison squared" even, as Warren Buffet calls bitcoin: Best Way to Know Bitcoin Is Rat Poison Squared You...

Max Keiser on Bitcoin Cynic Warren Buffett: ‘He’s a Complete Failure’

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Warren Buffet, Bitcoin, Max Keiser

Appearing for an interview with BlockTV, Max Keiser explained why he thinks Warren Buffett has been throwing shade at the crypto community. Keiser did not hold back: I think he feels insecure. Without the bailouts of 2008, without the access to free money from central banks, without stock buybacks - that were up until recently illegal - Warren Buffett’s performance would be close to zero. Warren...

Bitcoin is the 'Elephant-Sized' Investment Warren Buffett Should Make

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warren buffett stock market bitcoin

You could say Warren Buffett is loaded for bear. The "Oracle of Omaha" says he'd like to make permanent investments in U.S. companies with decent long term prospects, but not while the U.S. stock market is so overpriced. Maybe he should buy Bitcoin instead.
Buffett Pines for 'Elephant-Sized' Acquisition
In his 2019 annual letter to Berkshire shareholders, Buffett wrote:

Warren Buffett: The 'Oracle of Omaha' Needs to Shut Up about Bitcoin

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warren buffett bitcoin

Warren Buffett claims crypto “attracts charlatans.” This is funny since the word has no truly fixed meaning. Subjective at best, a charlatan is “a person falsely claiming to have a special knowledge or skill; a fraud.” While the Bitcoin world isn’t lacking for such people, the fact is that we have plenty of native experts. People who’ve watched crypto markets throughout their tenure. Warren...

Bitcoin Bull Max Keiser Blasts Billionaire Skeptic Warren Buffet as an 'Unmitigated Fraud'

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Warren Buffet, Bitcoin, Max Keiser

Bitcoin enthusiast Max Keiser took a gander at a recent letter Warren Buffett sent to Berkshire Hathaway shareholders and he wasn’t pleased at all. He saw the actions Buffett revealed in the letter as prime reasons people should buy Bitcoin instead of investing in the stock market. Keiser’s response included tweets and interviews over the weekend. He tweeted that the letter indicated that Buffett...

Anonymous Trader That Can Gain $175 Million From S&P 500 Bet Was Not "Doing a Buffett"

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Was the anonymous trader who "caused a stir" in the U.S. equity options market on Monday with a massive bet–– Doing a Buffett?" Saqib Iqbal Ahmed asks at Reuters Business News, pointing out: 'The trader sold 19,000 put options on the S&P 500 Index. SPX obligating him or her to buy the market benchmark at 2,100 on Dec. 18, 2020, data from New York-based options analytics firm Trade alert...

"Investors Carried Out Mental Gymnastics to Justify Bitcoin Prices" - Bloomberg Editor-in-Chief

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Bloomberg co-founder and former Editor-in-Chief, Matt Winkler has likened speculation-driven bitcoin price movements to the dotcom boom of the mid to late 1990s, comparing the excuses given by investors for irrational market optimism at that time to the reasons given by modern day cryptocurrency speculators. Speaking to Emily Chang on Bloomberg Technology, Winkler explained that cryptocurrency...

Buffett Trolled Again: Punter Bets Millions Bitcoin Price Will Soar Above Berkshire Stock

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Warren Buffett Bitcoin

It’s no longer fashionable to just promise to eat your appendages if a bitcoin price prediction doesn’t come true – now the real deal is staking millions in cold, hard cash. Perhaps peeved by Warren Buffett’s constant bashing of bitcoin, an unidentified crypto bull in Australia is betting millions of dollars that the bitcoin price will exceed the share price of the Warren Buffet-headed investing...