Wonder why Warren Buffet and Charlie Munger keeps bashing crypto even though they don't understand shit about it?
Take a look at Berkshire Hathaway's biggest holdings, I've shorlisted these from their top 12 holdings. Sorted in order from their high market value to low market value:
Wells Fargo(His heaviest bag with most $$$) - $29,000+ million Bank of America - $20k+ American Express - $15k+ US bancorp - $5.5k million Goldman Sachs - $2.9k million Bank of NY Mellon - 2.9k million
His firm will collapse if he started supporting crypto. Not surprised.
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So this is the main reason why Buffet and Munger hates crypto?
![So this is the main reason why Buffet and Munger hates crypto?]()
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May 06, 2018
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