Should the Omaha-based organisation pass the $1tn mark, it would be the first US non-tech company to do so. At one stage, Berkshire’s value rose above $925bn. In 2023, the company’s stock increased by 15%. In his yearly address to shareholders, Buffett justified the company’s conservative financial approach and added: The ‘margin of safety’ approach…
Read more
Justin Sun, the CEO of BitTorrent, won a bid to have lunch with the Wizard of Omaha, Warren Buffet. The bid price? $4.6 million! As Leaprate reported, Warren Buffett is known for holding auctions for various charitable causes. The billionaire investor has also commented several times that he does not believe in the merits of cryptocurrencies,…
Read more
Just in the beginning of June 2019, Leaprate reported on the incredible $4.6 million-lunch between Justin Sun, the the CEO of BitTorrent and the founder of TRON, and the Wizard of Omaha, or simply Warren Buffett. Justin Sun entered a bid for the lunch and won it. Warren Buffet has been known to hold auction…
Read more
Bitcoin prices, despite a major breach at the Binance crypto exchange, have surged 9.3% in the past few days, now hovering at $6,166. What is pushing BTC past what most thought was an impenetrable barrier, the $6,000 level? Bloomberg announced the news: “Fidelity, one of the world’s largest investment firms with almost $7 billion customer…
Read more
Amazingly enough, Bitcoin, known for its price volatility, has been ranging about the $3,800 price point within tight boundaries for all of 2019. Yes, it has dipped a bit and made a run over $4,200, but for this crypto heavyweight, settling into a tight trading range is, for want of a better word, peculiar. As…
Read more
One of the greatest investors of all time, Warren Buffet, has now mentioned several times that Bitcoin is a "bubble", an asset that does not produce any long-term value. The "Oracle of Omaha" does not seem to be very optimistic about the future and intrinsic value of Bitcoin. Buffet has warned multiple times that the…
Read more
Through his 50+ years of investing, Warren Buffett has put his money into quite a variety of businesses and industries. However no sector in which he has dabbled has seemed to draw the Oracle of Omaha's ire as does airlines. Buffett and his Berkshire Hathaway Inc. (NYSE:BRK.B) had one previous dalliance with airline investing and it…
Read more