Warren Buffett: Bitcoin is a delusion

Author: Adam Button | Category: Cryptocurrency

Buffett on CNBC

Warren Buffett
  • Buffett says he's never smoked pot
  • The valuations on IPOs are "kind of staggering right now"
  • You're not going to discover anything new about investing in the next 50-100 years
  • You have to know the ones that are within your circle of competence
  • On the economy: Overall things are a little better. "Things are fine"
  • Home construction has been a disappointment
  • Electric cars are very much in America's future
Buffett has been on CNBC off-and-on for the past three hours. 

This was the headline statement from his annual letter:
"In the years ahead, we hope to move much of our excess liquidity into businesses that Berkshire will permanently own. The immediate prospects for that, however, are not good: Prices are sky-high for businesses possessing decent long-term prospects.
Instead, that will mean taking equity stakes in companies.
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