Berkshire Hathaway’s 2023 Annual Letter \ stacker news ~BooksAndArticles

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Berkshire Hathaway’s 2023 Annual Letter www.berkshirehathaway.com/letters/2023ltr.pdf

2605 sats \ 10 comments \ @kr 24 Feb BooksAndArticles

I used to read this every year. He was my guru. Not so much any more.

i’m still a big fan, important reminder for me that there is a world of opportunity for investors looking to earn money that exists outside of bitcoin and technology.

203 sats \ 3 replies \ @elvismercury 24 Feb

Is it just bc he has a different take on btc, or for other reasons?

Is there someone you like better, now?

I've been attracted to the idea of going through all the annual investor letters -- many people swear by the strategy. Never done it, though.

1842 sats \ 2 replies \ @siggy47 24 Feb

Great question. First of all, I still respect his opinions. I also read his biography, which taught me a lot about patience and analyzing companies. I probably do hold his opinions about bitcoin against him, as I always did his "pet rock" gold comments when I was a gold bug. I think it's more that I find his cheerleading for the US fiat dollar system a little difficult to take. No doubt he's probably played the fiat system better than anyone since 1971, but because of that I don't hold his investing skills in as high a regard as I used to. I guess I see him as an expert Cantillon player. Also, and maybe this isn't fair, but the way he treated many of his family members, and in particular his granddaughter, colored my opinion of him.

193 sats \ 0 replies \ @KLT 24 Feb

Completely agree with everything you said above.

0 sats \ 0 replies \ @orange_crush 25 Feb

Based take

0 sats \ 0 replies \ @grayruby 24 Feb

Moi aussi

432 sats \ 1 reply \ @grayruby 24 Feb

I believe Berkshire already has indirect Bitcoin exposure through a Brazilian bank that offers Bitcoin/crypto trading, but when do you think they get direct Bitcoin exposure? I know Buffett hates it but Greg Abel probably takes over and I am sure he understands or will understand the synergy between bitcoin and the energy sector.

0 sats \ 0 replies \ @kr OP 24 Feb

makes sense, i think they’ll continue to have as much bitcoin exposure as they do gold exposure (and they’ll continue to do well)

0 sats \ 0 replies \ @JesseJames 25 Feb

He ain't no dummy, after 1971 he knew that money printing would start and then it was just a numbers game, as in who will pump more. Value didn't really matter anymore just the stock price and dividends. He also knows that Bitcoin can eat him for lunch but not today. So if you are 90+ you just pretend you didn't hear it since it doesn't really concern you (now) and after you are gone, who cares? He understands Bitcoin he just can't admit it as it would undermine his position and the entire legacy. He is exposed to it already but not directly, so there is that. Anyway, that the way I see it at least. YMMV.