The Flinchum File
Thoughtful Economic Analysis and Existential Opinions

Rat Poison Squared

05/21/2018

Warren Buffett was wrong!  He recommended against buying both Amazon and Google.  He was wrong!

So what?  There is also a rumor he might actually be human!

One of his primary rules is to buy what you understand.  Who understood Google when they heard about it the first time?  Techies just delight in saying that non-techies are Luddites,  I’m proud to wear that label, alongside Warren Buffet.

Earlier this month, he predicted that crypto-currencies like Bitcoin “will come to a bad ending” and referred to them as “rat poison squared.”  Words matter but not much!  I described crypto-currencies as “an elegant solution to a non-existent problem.” 

It is the wild, wild West for currencies, indeed!  You will not see Warren nor myself there!

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