Speculation on Bitcoin

(May 5, 2018) Just before appearing before thousands of shareholders at the 2018 Berkshire annual meeting on May 5, CNBC’s Becky Quick tweeted that Warren Buffett told her bitcoin is “probably rat poison squared,” one-upping his partner Charlie Munger who had called it simply “rat poison.” Warren Buffett and Charlie Munger didn’t use those words... 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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