He told the journalists: "As an asset class, you're not producing anything and so you shouldn't expect it to go up". "It does create a rising price, creates more buyers ..." While Buffett's billionaire buddy Bill Gates probably won't be picking up an iPhone anytime soon, either, the Microsoft co-founder is also heaping a bit of praise on his one-time tech adversary.
Intel Corp. (INTC) PT Lowered to $37.00 at Royal Bank Of Canada
Over the last five days, shares have managed 1.59% gains and now is up 22.8% since hitting its 200-day moving average of $46.52. It improved, as 50 investors sold SPG shares while 204 reduced holdings. 125 funds opened positions while 451 raised stakes.
Bitcoin, Munger went on to say, "reminds me of Oscar Wilde's definition of fox hunting: "The pursuit of the uneatable by the unspeakable". "People like to speculate, they like to gamble", he added. "It's kind of a pure "greater fool theory" type investment", Gates said.
While it looks like Bill Gates is exclusively anti-cryptocurrency here, he did acknowledge the fact that the blockchain technology behind digital currencies has some value.
2 found dead, 3 still missing in quake-hit Polish coal mine
The head of the Jastrzebie Coal Company, Daniel Ozon, said Sunday that the killed miner had worked for the company for 10 years. Still many of Poland's mines are risky , with methane gas that has led to a number of deadly explosions and cave-ins.
He has previously said that cryptocurrencies "definitely will come to a bad ending".
CME Group, the world's leading financial market firm, also launched its own Bitcoin futures contracts on December 17th, 2017. Buffett's "rat poison comment" is akin to Munger's "noxious poison" from earlier in the year.
U.S. slams China over 'Orwellian' bid to police airline websites
Hong Kong and Macau are special administrative regions of China, and have a certain level of autonomy apart from Beijing. Hong Kong and Macau are former European colonies that are now part of China but run largely autonomously.
Legendary investor Warren Buffett's portfolio won't be scooping up shares of insurers that underwrite cyber insurance. And this year, after a significant decline the price still hasn't managed to reach the mark of $10,000.