The buffet was served, Dairy Queen KC BBQ Bacon Cheeseburger with Coke and roasted Bitcoin.
Drinking cherry coke to enhance his black humor Mr.Buffet stick with West Fargo for the long haul as a good long term investor. He also explained his position in Apple in a very simple way, was a hell of a great bargain.
As usual, Mr. Buffet confirm his faith in the compound interest as the best recipe for a successful investment and coined an example about investing 10,000 in the 40s would be equivalent to 50 million dollars today.
He also explained about the great strategic value of the media, specifically the newspapers, although the lost of intrinsic value as a business.
One more time, Mr. Buffet make emphasis about the real secret for his success: Being born in a great country like USA, the DNA of his parents and a great dosis of luck.
Mr. buffet has the experience to have been under fourteen US presidents and knows very well the world history.
He still considers the coca-cola stock the best long term investment they made ever along with Amex.
Talking about his insurance division, Geiko, he believes there is a risk of 2% over $400 billion for a big cyber attack in the near future and therefore they don’t want to be pioneers in the cyber sector.
Paradoxically, despite the fact Mr. Buffet is a great believer in the power of a brand like coca-cola, he still believes the cryptocurrencies will have a bad end.
He consider the crypto universe as a gamble instead of an investment.
According with Mr. Buffet the cryptos does not have an intrinsic value and heavily depends on speculation.
