Warren's whole universe is based on finding value in old industries. He's utterly isolated from new technology. He'd be better served by saying "I don't understand Bitcoin"
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Tom, indeed my thesis precisely. Smart guy who does own banks and credit card companies.
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Everyone is wrong sometimes, but not sure anyone admits it better than he and Munger.
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"The jury is still (way) out on Bitcoin. Hence, uninvestable." My interpretation. I think it's a fair viewpoint.
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