5 years ago when Bitcoin was around $9k (in an interview for Fox Business) Warren Buffett dubbed Bitcoin "Rat Poison Squared".
His comments came 5 years after (Bitcoin was around $100) Charlie Munger had told the same interviewer that he thought Bitcoin was Rat Poison..
Now a decade on, Bitcoin is just recently hit $35k
It's now outperformed their company Berkshire Hathaway by 500%+ in the last 5 years since the Rat Poison Squared comment and almost 35000% since the Rat Poison comment.
Maybe Bitcoin is rat poison, however history suggests its maybe ratting the real rats.. Warren Buffett and Charlie Munger ????
Before they die, it would be great if Fox News could get another 2023 update on these questions for the record.
There's no doubt Warren Buffett and Charlie Munger are exceptionally bright. Over the years they've managed to curate swarms of cult Berkshire Hathaway shareholders by preaching their values of investing for income by buying companies that regularly pay good dividends.. whilst at the same time their own company (Berkshire Hathaway) doesn't pay those same shareholders any dividend income. Genius!
Buffett's Love of Dividends is a One-Way Street
These are the same guys that are heralded for supporting Coca-Cola in exporting plastic pollution and a pandemic of obesity/ tooth rot globally.
Coca-Cola's hidden secrets (plastic pollution)
Mexico's deadly Coca-Cola addiction
As a board members/ major shareholders despite disproportionately supporting a corporation reap social and environmental damaging around the globe in return for "great profits", they've some how been able to mastermind their image away from that of corporate villains.. to that of investment gurus.. genius!
Cristiano Ronaldo probably sums it up the best
End of the day my money is still on Bitcoin out surviving both Munger and Buffett. ????
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