Tag: Warren Buffett

Apple Stocks Hit Record High on Buffet Praise

Apple Stocks Hit Record High on Buffet Praise

Apple shares hit an all time high of $185.18 last Monday, fueled by praises from billionaire investor Warren Buffett who revealed last week that his company had bought 75 million shares of the iPhone maker which currently valued at around $11 billion. Buffett even said that he loved the stock so much that he’s own 100% of it if he could. Apple CEO Tim Cook sent back some reciprocal praise on Buffett’s remarks, saying that he had always greatly admired the man and have always been grateful for his insight and advice. Buffett’s investment firm, Berkshire Hathaway, is now the […]

Buffet Dismisses Bitcoin, Calls Buyer “Rat Poison Squared”

Buffet Dismisses Bitcoin, Calls Buyer “Rat Poison Squared”

Last Monday, billionaire Warren Buffett release a number of negative remarks about Bitcoin and cryptocurrency which he likened to to the tulip mania in 17th century Holland. The Berkshire Hathaway CEO called Bitcoin buyers “rat poison squared” and said that the rising prices were driven merely by its mystique. He added that people are excited by it because they do not understand it and instead urged investors to look into US stocks. Meanwhile, Berkshire vice chairman Charlie Munger called Bitcoin “worthless artificial gold.” and likened it to Oscar Wilde’s definition of fox hunting, calling it “the pursuit of the uneatable […]