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24 sats \ 2 replies \ @grayruby 24 Jan \ on: Warren Buffett Makes Sharp U-Turn: Invest £893M Stake in Crypto Bank Stock events
This is not a new investment for Berkshire. I highly doubt it is because of the crypto banking business.
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54 sats \ 1 reply \ @freetx OP 24 Jan
Probably true. But the timings are interesting.
BH initially invested £406.14M in 2021, then subsequent they rolled out their crypto platform in 2022.
Now he is investing £893M.....pretty good for someone who called bitcoin "rat poison" and that he wouldn't pay $25 for all the bitcoin in the world....
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61 sats \ 0 replies \ @Bell_curve 24 Jan
maybe he changed his mind after Munger kicked the bucket
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