[Buffett at 96 has retired—but he has been cursing Bitcoin for decades 😮💼]
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At 96 years old, this time Buffett has truly stepped down. The CEO seat was handed over at the end of last year. A few days ago, he even set aside the title of chairman. Now he only holds the nominal position of director. After sitting in the investment world for sixty years, the old gentleman simply walked away. 🪑
Even more outrageous is his net worth when he left. According to Forbes, his net worth is $145 billion. He ranks tenth globally. Almost all of that number comes from a single company. He holds 37.2% of Berkshire’s Class A shares. The company’s market value is roughly $1.1 trillion. 💰
But this company is, according to the words in his mouth, his “most stupid investment.” In 1962, he took a liking to a textile mill that was nearly bankrupt. They negotiated a deal: sell the company back at $11.5 per share. In the end, the other side only agreed to $11.375. For just those 12 cents, he turned hostile. He bought the company anyway—and even fired the CEO of the time. 🧵
He stayed in the textile business for twenty years, but ultimately the factory was still shut down. He calculated it himself: if he’d put that money into insurance instead, it would have been worth about $200 billion more. Over sixty years, Berkshire’s stock price has increased by 5.5 million times. Annualized return of 19.7%. In 2025, revenue was $371.4 billion. Doing just one thing his whole life was enough to make him legendary. 📈
What’s interesting is that this old gentleman has always looked down on Bitcoin. He and his longtime partner Munger called Bitcoin “rat poison.” In Berkshire’s holdings list, there isn’t a single one. He said he couldn’t understand it—so he really bought none. Today, Bitcoin is above $85,000. On the day he retired, the number is still rising. 🐀
Sixty years, annualized 19.7%—that performance is indeed brutal. But he also missed an entire generation’s worth of wealth. The old man himself said that when opportunity comes, you need to go big. The problem is, this time at the game table, he didn’t even sit down. A $145 billion fortune—and not a single Bitcoin. Believe it or not. 🤔
📌 In sixty years, rolling 11 cents into $1.1 trillion—yet treating Bitcoin as rat poison.
Would you leave a 1% position for something you “don’t understand”?
Visit the home page to join Mr. X’s fan group chat 🔥
At 96 years old, this time Buffett has truly stepped down. The CEO seat was handed over at the end of last year. A few days ago, he even set aside the title of chairman. Now he only holds the nominal position of director. After sitting in the investment world for sixty years, the old gentleman simply walked away. 🪑
Even more outrageous is his net worth when he left. According to Forbes, his net worth is $145 billion. He ranks tenth globally. Almost all of that number comes from a single company. He holds 37.2% of Berkshire’s Class A shares. The company’s market value is roughly $1.1 trillion. 💰
But this company is, according to the words in his mouth, his “most stupid investment.” In 1962, he took a liking to a textile mill that was nearly bankrupt. They negotiated a deal: sell the company back at $11.5 per share. In the end, the other side only agreed to $11.375. For just those 12 cents, he turned hostile. He bought the company anyway—and even fired the CEO of the time. 🧵
He stayed in the textile business for twenty years, but ultimately the factory was still shut down. He calculated it himself: if he’d put that money into insurance instead, it would have been worth about $200 billion more. Over sixty years, Berkshire’s stock price has increased by 5.5 million times. Annualized return of 19.7%. In 2025, revenue was $371.4 billion. Doing just one thing his whole life was enough to make him legendary. 📈
What’s interesting is that this old gentleman has always looked down on Bitcoin. He and his longtime partner Munger called Bitcoin “rat poison.” In Berkshire’s holdings list, there isn’t a single one. He said he couldn’t understand it—so he really bought none. Today, Bitcoin is above $85,000. On the day he retired, the number is still rising. 🐀
Sixty years, annualized 19.7%—that performance is indeed brutal. But he also missed an entire generation’s worth of wealth. The old man himself said that when opportunity comes, you need to go big. The problem is, this time at the game table, he didn’t even sit down. A $145 billion fortune—and not a single Bitcoin. Believe it or not. 🤔
📌 In sixty years, rolling 11 cents into $1.1 trillion—yet treating Bitcoin as rat poison.
Would you leave a 1% position for something you “don’t understand”?
