Warren Buffets get into Crypto - does he know?
The Oracle of Omaha as he is called, is indeed great with investments but I don't trust him!
Why don't I trust him? He speaks out of both sides of his mouth. Take the US Tax issue a number of years back. He could be seen on parade with the President at the time talking up paying more in taxes (or his fair share) while his team of tax attorneys fought the US Gov tooth and nail to keep his taxes low.
Sources -
https://cfif.org/v/index.php/commentary/43-taxes-and-economy/2291-warren-buffett-abandons-obama
and
https://www.vanityfair.com/news/2021/06/billionaires-federal-income-tax-investigation
I am not saying there is anything wrong with legally avoiding taxes don't be a two-faced shill about it, there are way to many non-informed voters that are easily swayed by this action.
Why else? He claims he doesn't invest in anything he doesn't understand. Why the slight of hand with his latest investment into NUBANK 8th round of funding (AKA G Series round). This was not a small investment like you or I would make it was $500M into NUBANK in January of '21.
https://www.yahoo.com/lifestyle/warren-buffett-avoid-bitcoin-costs-162623922.html
Recall in Feb. '20 Buffet stated Crypto had no value - https://www.cnbc.com/2020/02/24/warren-buffett-cryptocurrency-has-no-value.html
NUBANK in case you missed it is a Latin America based Bank w/ HQ in Brazil. It has nearly 40M customers and is a BTC friendly Bank.
So Warren made a $500M investment into a Crypto friendly bank in Feb '21 then at the Berkshire Hathaway confab in May they bashed Crypto.
Not to be out done his side kick is just as bad - https://www.barrons.com/articles/berkshire-hathaways-munger-hates-bitcoin-bitcoin-doesnt-care-51620043482 "Pretty strong words 'Hates Bitcoin"
Note this article was published in May '21... so does that mean Charlie doesn't understand the $500M investment they made just a few months prior in January? Or are you bothered by details?
Hmm, I wonder what changed? Do you recall a press conference covering his change of heart? No me either! I stick by what I stated you can keep the slight of hand specialist and his side kick. Perhaps I woke up on the wrong side of the bed or I just dislike hypocrisy at all levels! You decide.
CONTEXT always matters!
