A Buffett In His Prime Would Think Differently About Cryptoassets
▻https://hackernoon.com/a-buffett-in-his-prime-would-think-differently-about-cryptoassets-11b987
Recently, at the Woodstock of Capitalism, Warren Buffett and his elder sidekick Charles Munger gathered to dish dirt, talk #investing, and dispense folksy aphorisms at the Berkshire Hathaway annual meeting.The Statler-and-Wardorf-type couple’s comments about #cryptocurrency were one of the most referenced quotes of the media cycle, at least in my little circle of cryptoscenti, during the three day orgy of discounted shopping, investor presentations, interviews, a 5K, and most importantly… STEAK!!!Qz reported the gist of the matter in a piece they published on May 5. Buffett warned,“Cryptocurrencies will come to bad endings,”while Munger claimed,“To me, it’s just dementia. It’s like somebody else is trading turds and you decide you can’t be left out.”Buffet and Munger’s view looks an awful lot (...)