One Word Warning

(June 26, 2018) JPMorgan Chase CEO Jamie Dimon joined #Berkshire Hathaway Chairman Warren Buffett for a CNBC interview on their call for companies to stop issuing short-term earnings forecasts. While noting a few months before that blockchain technology could be useful, Dimon had called bitcoin a “fraud,” a comment he later said he regretted. On... Continue Reading →

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Separate Science from Speculation

(May 5, 2018) When Charlie Munger and Bill Gates join the May 5 “Squawk Box” conversation, bitcoin comes up again. While admitting it’s “clever computer science,” Munger argues cryptocurrencies are “worthless artificial gold” that facilitates “illicit activity.” Gates acknowledges the underlying blockchain technology is a “good thing,” but thinks the price gains are being driven... Continue Reading →

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