Let's Hollo Upward How Incorrect Warren Buffett Has Been Almost Technology Before...
For those who don't know, Warren Buffett is 1 of the most successful investors on the planet too he's made billions doing it. In 2008 he was the "richest somebody inwards the world" - too thus sympathise we're non calling him stupid, that's non the indicate here.
Today speaking to CNBC's "Squawk Box" he said on the theme of cryptocurrencies:
"I tin laissez passer on the sack country alongside close certainty that they volition come upwardly to a bad ending."
But nosotros produce intend or too thus perspective is needed when someone similar him speaks on cryptocurrencies, or tech inwards general.
Buffett made his billions inwards in former schoolhouse industries too traditional finance - coal, tobacco, Coca Cola, Heinz, Bank Of America... yous instruct the idea.
On technology, he's the origin to acknowledge - it's non his expanse of expertise.
When asked why he missed out on Amazon, his answer was "I was likewise dumb". When asked why he hadn't invested inwards Google - "I blew it" said Buffett.
Buffett is a genius, when it comes to the things he's a genius on. Technology isn't 1 of them.
In fact, history tells us, if it's tech too Buffett doesn't believe inwards it - a vivid futurity is ahead.
Author: Oliver Redding
Seattle News Desk
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