You could say Warren Buffett is loaded for bear. The “Oracle of Omaha” says he’d like to make permanent investments in U. S. companies with decent long term prospects, but not while the U.

S. stock market is so overpriced. Maybe he should buy Bitcoin instead. Buffett Pines for ‘Elephant-Sized’ Acquisition In his 2019 annual letter to Berkshire shareholders, Buffett wrote: “In the years ahead, we hope to move much of our excess liquidity into businesses that Berkshire will permanently own. The immediate prospects for that, however, are not good: Prices are sky-high for businesses possessing decent long-term prospects. ” Buffett added that

The post Bitcoin is the ‘Elephant-Sized’ Investment Warren Buffett Should Make appeared first on CCN

186 +