[Cursed Bitcoin for a decade; today the old gentleman stepped down 😱💰]
Group chat: 📲 加入X先生的粉丝群聊
At 96, Buffett has stepped down as chairman of Berkshire Hathaway. He wrote a letter to shareholders. In it, he left only one line: “Time always wins.”
In 1965, he took over a textile mill that was on the verge of collapse. Sixty years later, it became a giant with a market value of one trillion dollars. Its annualized return was nearly 20%, almost twice the S&P 500.
Last year, operating profit was $44.5 billion. It employed nearly 400,000 people. The CEO position was handed over to Abel just nine months ago.
What’s most painful is the Bitcoin/crypto line. In 2018, he called Bitcoin “rat poison squared.” Berkshire itself has never bought a single coin.
But on the other side, last year this company was still adding to its stake in Google. Apple and Coca-Cola have also always been heavy holdings. Things the market ignored—he bought them batch after batch.
He spent his whole life saying he didn’t understand tech stocks. Later, he still bought Apple and made over a hundred million dollars. His longtime partner, Munger, is already gone first.
Now that the person has left, will the rules change? In the market facing the new leadership, Bitcoin has long been impossible to avoid. There’s a few hundred billion dollars in cash sitting on the balance sheet, waiting to be put to use.
The market is guessing, too. Over the years, Berkshire has had big positions in Apple and bought Google—only for crypto assets, it has remained a blank spot.
The reactions in the crypto world have been rather delicate. Some people dredge up old accounts: he cursed it for ten years, yet the coin price still rose—from a few hundred dollars to more than seventy thousand.
Others think the departure of the “old bear” is a signal. Money is changing hands to a new generation, and the rules are changing too. The person taking over may not necessarily stick to tradition.
With a sixty-year record, no one can replicate it. Early on, he even promised to donate almost his entire fortune. As for future Berkshire, it will have to walk on its own.
📌 Time wins—but the crypto account hasn’t been settled yet.
Do you think Berkshire will touch Bitcoin? Let’s chat in the comments.
Group chat: 📲 加入X先生的粉丝群聊
At 96, Buffett has stepped down as chairman of Berkshire Hathaway. He wrote a letter to shareholders. In it, he left only one line: “Time always wins.”
In 1965, he took over a textile mill that was on the verge of collapse. Sixty years later, it became a giant with a market value of one trillion dollars. Its annualized return was nearly 20%, almost twice the S&P 500.
Last year, operating profit was $44.5 billion. It employed nearly 400,000 people. The CEO position was handed over to Abel just nine months ago.
What’s most painful is the Bitcoin/crypto line. In 2018, he called Bitcoin “rat poison squared.” Berkshire itself has never bought a single coin.
But on the other side, last year this company was still adding to its stake in Google. Apple and Coca-Cola have also always been heavy holdings. Things the market ignored—he bought them batch after batch.
He spent his whole life saying he didn’t understand tech stocks. Later, he still bought Apple and made over a hundred million dollars. His longtime partner, Munger, is already gone first.
Now that the person has left, will the rules change? In the market facing the new leadership, Bitcoin has long been impossible to avoid. There’s a few hundred billion dollars in cash sitting on the balance sheet, waiting to be put to use.
The market is guessing, too. Over the years, Berkshire has had big positions in Apple and bought Google—only for crypto assets, it has remained a blank spot.
The reactions in the crypto world have been rather delicate. Some people dredge up old accounts: he cursed it for ten years, yet the coin price still rose—from a few hundred dollars to more than seventy thousand.
Others think the departure of the “old bear” is a signal. Money is changing hands to a new generation, and the rules are changing too. The person taking over may not necessarily stick to tradition.
With a sixty-year record, no one can replicate it. Early on, he even promised to donate almost his entire fortune. As for future Berkshire, it will have to walk on its own.
📌 Time wins—but the crypto account hasn’t been settled yet.
Do you think Berkshire will touch Bitcoin? Let’s chat in the comments.
