> Warren Buffett Blog

Tuesday, November 7, 2017

Bitcoin could implode says Warren Buffett

Warren Buffett is not a fan of Bitcoin. In a recent interview with Marketwatch he sounded bearish on Bitcoin as an investment,
"You can’t value bitcoin because it’s not a value-producing asset."
"It doesn't make sense. This thing is not regulated. It's not under control. It's not under the supervision [of] any...United States Federal Reserve or any other central bank. I don't believe in this whole thing at all. I think it's going to implode."

Monday, October 23, 2017

Tax reform is quite possible and can happen

With Tax Reform being proposed by Donald Trump, many people are skeptical of any changes being made. Warren Buffett thinks there could be progress made on Taxes and he is holding out on selling stocks partly because of it.

"We may or may not have a change in the tax code. Right now we're sitting and watching because within three months, actually less than that, we'll know the answer on it. I would feel kind of silly if I realized $1 billion worth of gains and paid $350 million in tax on it if I just waited a few months and would have paid $250 million. 
If you talk about the three big items, this is the only one left to do this year. I would think the Republicans controlling both houses and the presidency, they would not want to have a shutout in their first year."

Thursday, October 19, 2017

Index Funds make sense for most investors

"The S&P 500 "will absolutely kill every one of the fund of funds. Passive investment in aggregate is going to beat active investment because of fees." 

-via cnbc

Monday, October 16, 2017

Warren Buffett thinks S&P500 will beat most active managers but refuses a bet opportunity

Recently Warren Buffett told CNBC that he was willing to a new bet on Active versus Passive. So now a hedgefund has offered Warren Buffett to do that bet. The hedgefund represented by Mark Yusko believes that Active Management would beat Passive investing over the next 10 years but Buffett declined to take up the bet opportunity. He cites, 
"I think the Protege bet proved the point and has stimulated a re-evaluation of professional management. If I were to do another ten-year bet — and I regard that as the reasonable term for measurement — that would take me to 97 and not at the best point to write and talk about the results. 
There's no doubt in my mind, however, that the S&P 500 will do better than the great majority of professional managers achieve for their clients after fees."

Monday, September 25, 2017

DOW to 1 Million | Dont short America

At a recent party for Forbes magazine's Warren Buffett said the Dow Jones Industrial Average will be over 1 million in 100 years. It is currently around 22,296 currently. He pointed out the Dow Jones was at 81 during the 1980's. 

"Whenever I hear people talk pessimistically about this country, I think they're out of their mind. Being short America has been a loser's game. I predict to you it will continue to be a loser's game. It has been 241 years since Thomas Jefferson wrote the Declaration of Independence. Being short America has been a loser's game. I predict to you it will continue to be a loser's game."