The 60th anniversary report of Warren Buffett and the last one for him at the helm of Berkshire Hathaway. Main points: #NewsAboutCrypto #CryptoAdoption $BTC
- If you were scared by the 15% drop in the US market - reconsider your strategy, it’s not scary.
- Berkshire Hathaway has raised $348 billion for purchases at the bottom (not buying anything yet, which means according to Buffett it’s not the bottom yet).
- Trading should be a bridge, not a weapon; trade wars are not beneficial.
- Investments are a way to transfer money from the impatient to the patient.
- Paper money is being devalued due to uncontrolled fiscal policy, this is a problem.
- There will definitely be a crash in the next 20 years - investing needs to happen then.
- It is unclear how the US will cope with the trade deficit - it is gigantic.