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929 sats \ 6 replies \ @siggy47 24 Feb \ on: Berkshire Hathaway’s 2023 Annual Letter BooksAndArticles
I used to read this every year. He was my guru. Not so much any more.
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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.
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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.