The price of the Bitcoin has not hit the higher highs. The USD continues to fall.  The price of everything is on the rise.

Warren Buffet Berkshire Hathway invested 500 million dollars in Nubank.  Of note, Nubank are widening their footprint across Latin America. They are funding the expansion to further launch new products and services.

This is a news worth the attention in the Bitcoin space because Nubank is a Bitcoin friendly bank. NuBank is now worth $30 Billion after $750 million investment led By Berkshire.

Warren Buffet’s famous saying “Never invest in a business you cannot understand.” Keeps us wondering about what he understood about the Bitcoin friendly nature of Nubank.

Worth recollecting some of the investment advice from the past of Warren Buffet:

“It’s far better to buy a wonderful company at a fair price than a fair company at a wonderful price.  Time is the friend of the wonderful business, the enemy of the mediocre. If you aren’t thinking about owning a stock for ten years, don’t even think about owning it for ten minutes. Our favorite holding period is forever.

The stock market is designed to transfer money from the active to the patient. Opportunities come infrequently. When it rains gold, put out the buck, not the thimble. Diversification is a protection against ignorance. It makes very little sense for those who know what they’re doing.

You will notice that our major equity holdings are relatively few. We select such investments on a long-term basis, weighing the same factors as would be involved in the purchase of 100% of an operating business: (1) favorable long-term economic characteristics; (2) competent and honest management; (3) purchase price attractive when measured against the yardstick of value to a private owner; and (4) an industry with which we are familiar and whose long-term business characteristics we feel competent to judge. It is difficult to find investments meeting such a test, and that is one reason for our concentration of holdings. We simply can’t find one hundred different securities that conform to our investment requirements. However, we feel quite comfortable concentrating our holdings in the much smaller number that we do identify as attractive.

Owners of stocks, however, too often let the capricious and often irrational behavior of their fellow owners cause them to behave irrationally as well. Because there is so much chatter about markets, the economy, interest rates, price behavior of stocks, etc., some investors believe it is important to listen to pundits – and, worse yet, important to consider acting upon their comments.

Remember that the stock market is a manic depressive.  You don’t need to be a rocket scientist. Investing is not a game where the guy with the 160 IQ beats the guy with the 130 IQ.

Investors should be skeptical of history-based models. Constructed by a nerdy-sounding priesthood…these models tend to look impressive. Too often, though, investors forget to examine the assumptions behind the models. Beware of geeks bearing formulas.”