3 ms·
It baffles me that both Munger and Buffett, two people known for avoiding investments they don't understand, see the need to continually undercut Bitcoin despit
by Aqueous 9y ago
It baffles me that both Munger and Buffett, two people known for avoiding investments they don't understand, see the need to continually undercut Bitcoin despite clearly not understanding it. Buffett has admitted he doesn't understand it. Not investing in something you don't understand is sage advice - can we extend that to withholding comment as well?
- aerodog 9y agoIt's not just them. Carl Icahn, Michael Bloomberg - these old timers kind of fall all over themselves every time they try to explain bitcoin and blockchain tech. It's actually slightly amusing, not far from that famous clip of Bryant Gumble asking "what is internet?" c. 1993.