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“# 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…
“#Warren Buffett rebuffs Bernie Sanders’ request to aid striking workers” Warren Buffett rejected a plea this week from Sen. Bernie Sanders to intervene on behalf of striking steelworkers employed at a West Virginia company owned by the billionaire’s investment firm, Berkshire Hathaway. Sanders (I-Vt.) made the request amid an ongoing dispute between Berkshire-owned Precision Castparts…
“#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-investing hamster Mr. Goxx has died, rivaled Warren Buffett” The most famous rodent to boast a financial portfolio has passed away. Mr. Goxx — a Twitch-streaming, cryptocurrency-trading hamster who beat the performance of Warren Buffett from his tiny desk in a cage somewhere in Germany — is dead. “We feared this day like no other…
“#George Clooney is directing Ben Affleck in ‘The Tender Bar’” George’s Bender Ben Affleck — the faux beau temp — on fellow “Batman” George Clooney. They just worked on something called “The Tender Bar” about a Long Island watering hole drama. Affleck tends bar. Dispenses whiskey with wisdom. Clooney directs. Affleck: “George gave me the absolute best…
“# Michael Saylor doesn’t think Bitcoin is ‘going to be currency in the US ever’ ” MicroStrategy CEO Michael Saylor thinks that Bitcoin is more like digital property than digital currency. He was speaking on the July 15 edition of the “Coin Stories” podcast with host Natalie Brunell. Asked if he thought that Bitcoin was…
“#Discovery’s David Zaslav promises more media merger mania at Sun Valley” SUN VALLEY, Idaho — Allen & Co.’s “summer camp for billionaires” kicked off on Tuesday with David Zaslav of Discovery promising that the media merger frenzy created by the video streaming wars is far from over. “We’re not done yet,” Zaslav said when asked…
“#Charlie Munger calls Robinhood a ‘gambling parlor’” Charlie Munger, vice chairman of Berkshire Hathaway and Warren Buffett’s longtime business partner, slammed commission-free trading app Robinhood as being “beneath contempt” in a new interview. “It’s a gambling parlor masquerading as a respectable business,” the 97-year-old investor told CNBC late Tuesday. “And it’s telling people they aren’t paying commissions when the…
“#Hershey jet spotted in Omaha, Warren Buffett’s backyard” A jet owned by candy maker Hershey made an unusual trip to Omaha, Nebraska, the home of Warren Buffett, according to an analyst with a history of spotting deals through plane records. Don Bilson, head of event-driven research at Gordon Haskett, said in a note Thursday that a plane…
“#Warren Buffett resigns as trustee of Gates Foundation” Warren Buffett announced Wednesday that he’s resigning from his position as trustee at the Gates Foundation and that he’s donating another $4.1 billion worth of Berkshire Hathaway shares to five charitable organizations. In 2006, Buffett, who’s the eighth richest person in the world with a net worth…