Buffet and Munger on Cryptocurrencies

I wouldn’t bother commenting on  crypto currencies because I don’t understand the topic. But this is just too good to pass up. Buffet and Munger are not fans of the stuff. CNBC reported back on Jan 10, 2018 that Warren Buffett thinks cryptocurrencies will end badly. 

Buffet considers it a method of transmitting money and has no intrinsic value. He has said that bitcoin is “probably rat poison squared” and noxious.

This is from the Berkshire Hathaway AGM last weekend in Omaha, Nebraska:  Continue reading