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“Elon Musk mocks Warren Buffett over anti-crypto stance” Elon Musk mocked Warren Buffett after the legendary investor once again hit out at cryptocurrencies over the weekend, saying he wouldn’t agree to buy “all of the bitcoin in the world” for $25. Posting a video of Buffett speaking at Berkshire Hathaway’s annual shareholder meeting on Saturday,…
“Warren Buffett’s Berkshire Hathaway reports $1.58 billion loss” Even an Oracle can have an off quarter. Warren Buffett’s Berkshire Hathaway reported a $1.58 billion loss in the first quarter of 2022, a significant reversal from the nearly $5 billion gain it saw at the same period of 2021. Berkshire, a legendary US company that owns…
“HP’s stock hits record after Warren Buffett discloses stake” HP’s stock soared to a record high on Thursday after Warren Buffett’s Berkshire Hathaway revealed it had taken an 11.4% stake valued at about $4.2 billion in the maker of personal computers and printers. Berkshire said on Wednesday night it owned nearly 121 million HP shares, including…
“# Crypto is like ‘venereal disease’ and should be banned: Charlie Munger ” Charlie Munger, the ancient vice chairman of Berkshire Hathaway and Warren Buffet’s right hand man, has no issue with providing his honest thoughts on cryptocurrency: He hates it. Speaking at a shareholder’s Q&A session at the annual meeting for LA-based newspaper company,…
“# Warren Buffett invests $1B in Bitcoin-friendly neobank, dumps Visa and Mastercard stocks ” Warren Buffett’s Berkshire Hathaway dumped a portion of its Visa and Mastercard holdings and increased exposure in Nubank, the largest fintech bank in Brazil that’s also popular among the country’s Bitcoin investors. In a securities filing late Monday, the industrials conglomerate…
“#NY Daily News owner Alden sues Lee after publisher rejects takeover bid” The Alden Global Capital hedge fund stepped up its attempts to buy Lee Enterprises this week, filing a lawsuit that accuses its board of denying shareholders of the newspaper publisher a voice in the matter. The publisher of the St. Louis Post-Dispatch, the…
“#Charlie Munger says China was ‘correct’ to ban crypto” The current market is “even crazier than the dotcom era” and China made the right call when it banned cryptocurrencies, according to Warren Buffett’s right-hand man Charlie Munger. “The dotcom boom was crazier on the valuations even than we have now but overall, I consider this…
“# Crypto community responds to Charlie Munger yelling at Bitcoin again ” As 97-year-old investment veteran Charlie Munger continues scolding cryptocurrencies like Bitcoin (BTC), the crypto community is quick to respond to his latest comments. The vice-chairman of Warren Buffett’s Berkshire Hathaway spoke of crypto at Australia’s investor event, the Sohn Hearts and Minds conference,…
“#Economy is ‘red hot,’ but watch for inflation” Warren Buffett said the US economy is “red hot” — but warned inflation is a rising threat as businesses and jobs come roaring back. “Right now, business really is very good in a great many segments of the economy … It’s almost a buying frenzy,” Berkshire Hathaway’s…
“#Warren Buffett’s net worth hits $100B — good for 5th on world’s richest list” Warren Buffett’s fortune reached $100 billion on Wednesday, as investors drove the stock price for his company Berkshire Hathaway to a record level. Buffett’s net worth, as measured by Forbes magazine, comes almost entirely from owning about one-sixth of Berkshire, a…