Bitcoin News

Story: What did Warren Buffet Understand about the Bitcoin (BTC) Friendly Nature of Nubank?

By Maheen Hernandez

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

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Warren Buffet Berkshire Hathway invested 500 million dollars in Nubank.  Of note, Nubank are widening their footprint across Latin America.

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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.

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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.

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

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“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.

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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.

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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…

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Owners of stocks, however, too often let the capricious and often irrational behavior of their fellow owners cause them to behave irrationally as well.

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Remember that the stock market is a manic depressive.  You don’t need to be a rocket scientist.

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Investors should be skeptical of history-based models. Constructed by a nerdy-sounding priesthood…these models tend to look impressive.

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