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WARREN BUFFETT: I'm Buying Stocks If They Fall Today, And Bitcoin Is Not A Currency
Business Insider ^ | 03/03/2013 | sam Ro and Linette Lopez

Posted on 03/03/2014 7:54:06 AM PST by SeekAndFind

Two days after publishing his annual letter to shareholders, Warren Buffett is on speaking on CNBC with Becky Quick. Equity fund managers Todd Combs and Ted Weschler will also be on later in an extremely rare appearance.

On Ukraine

Off the bat, Quick asked for his take on the tension in Ukraine.

Rather than addressing the turmoil directly, Buffett said that he does not consider these types of skirmishes when he invests in companies.

"I never really buy businesses based on macro factors," he said.

He noted that he invested in his first business in the wake of the attack on Pearl Harbor.

On The Stock Market

Regarding the market itself, Quick asked if the mom-and-pop investor really could get a fair shot as some argue that the market is actually rigged.

Buffett was skeptical that the $20 trillion + stock market could actually be rigged.

"People should stop calling it the stock market," he said. "It's American business."

On The US Economy

"Exactly what's been going on since the fall of 2009 continues," he said reminding us that he gets live updates from the 80+ companies he invests in. "Moderate but consistent growth for four and a half years. Every now and then we get excited about a speeding up and every now and again we worry about a double dip."

"In terms of what we see, it's been almost a straight line, but not at the kind of slope that people would like. But not flat either."

(Excerpt) Read more at businessinsider.com ...


TOPICS: Business/Economy; Culture/Society; Foreign Affairs; News/Current Events
KEYWORDS: bitcoin; buffett; economy; fascistworm; investing; obamawhore; stockmarket; ukraine; ukrainecrisis; warrenbuffett

1 posted on 03/03/2014 7:54:07 AM PST by SeekAndFind
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To: SeekAndFind

And for those of you who say he’s making money off his pal, Obama’s decision NOT to approve the Keystone Pipeline, here’s a surprise ( if you can believe him )...

________________________________

On Railroads

Buffett’s still bullish on the industry

“The future of railroads is very good,” he said.

On The Keystone Pipeline

It’s a “very good idea for the country.”

“I’d vote yes,” he said later.


2 posted on 03/03/2014 7:55:28 AM PST by SeekAndFind
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To: SeekAndFind

That’s okay. I bought my Bitcoins with my Ally bank account. That’s not real,either!


3 posted on 03/03/2014 7:57:04 AM PST by Dr. Ursus
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To: SeekAndFind

Bitcoin. lol Who on Earth couldn’t see that coming? I guess the ninnies that bought them.


4 posted on 03/03/2014 7:57:56 AM PST by RIghtwardHo
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To: SeekAndFind

If you are a true investor, you don’t count on any particular thing happening in the future. Sure, you hedge your bets based on likely events, but you are aware that no one knows what will happen and you could very well be wrong.

He can make money off railroads, but if the Keystone pipeline is built, he’ll make money off of that too.


5 posted on 03/03/2014 7:58:54 AM PST by proxy_user
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6 posted on 03/03/2014 8:03:51 AM PST by DJ MacWoW (The Fed Gov is not one ring to rule them all)
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To: SeekAndFind
He must have inside information that they are going to continue quanitive easing, aka pumping up the markets.
7 posted on 03/03/2014 8:07:15 AM PST by stockpirate (Appears good men have decided to do nothing, so evil is prevailing)
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To: SeekAndFind
It’s a “very good idea for the country.” “I’d vote yes,” he said later.

Talk is cheap.

8 posted on 03/03/2014 8:13:41 AM PST by hinckley buzzard
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To: SeekAndFind

Yuck! He proposes expansion of the Earned Income Credit instead of minimum wage increases. Of course he does because it means the taxpayer subsidizes income, rather than the companies. Why can’t we do neither?


9 posted on 03/03/2014 8:16:38 AM PST by Codeflier (Bush, Clinton, Bush, Obama - 4 democrat presidents in a row and counting...)
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To: SeekAndFind

When I read this I immedately thought about Atlas Shrugged...

New and better ideas were attacked by big shot investors and gov’t cronies, new ideas always go through growing pains like Bitcoin.


10 posted on 03/03/2014 8:17:36 AM PST by PoloSec ( Believe the Gospel: how that Christ died for our sins, was buried and rose again)
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To: RIghtwardHo

Bitcoins, right. That and carbon credits!


11 posted on 03/03/2014 8:22:42 AM PST by CheneyClone
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To: RIghtwardHo
I guess the ninnies that bought them

Those ninnies can still sell them for over $600 each.
12 posted on 03/03/2014 8:30:42 AM PST by mmichaels1970
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To: CheneyClone

“Bitcoins, right. That and carbon credits!”

Yeah, I invested all my bitcoins in carbon credits. Or did I invest my carbon credits in bitcoins? I can’t really remember exactly. At any rate, either way, I expect to be really rich in a couple of weeks.


13 posted on 03/03/2014 8:33:22 AM PST by catnipman (Cat Nipman: Vote Republican in 2012 and only be called racist one more time!)
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To: mmichaels1970

“Those ninnies can still sell them for over $600 each.”

Which would be a net loss of $400.00 each if they recently bought ‘em for a $1000.00 each. Or in the case of the 450,000 bitcoins that just evaporated at Mt. Gox, they gonna be selling ‘em for nuttin, which would be a net loss of, hmmmmm, let’s see, oh yeah, 100%.


14 posted on 03/03/2014 8:37:07 AM PST by catnipman (Cat Nipman: Vote Republican in 2012 and only be called racist one more time!)
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To: PoloSec

“New and better ideas were attacked by big shot investors and gov’t cronies, new ideas always go through growing pains like Bitcoin.”

The problem is that not all new ideas are good simply because they are new ideas, e.g., Metro UI & Windows 8.x, Segway, New Coke, the Edsel, the Newton, Windows Bob, etc.


15 posted on 03/03/2014 8:39:41 AM PST by catnipman (Cat Nipman: Vote Republican in 2012 and only be called racist one more time!)
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To: SeekAndFind

Buffet only tells you what he want’s you to know. i.e. he’s a liar.


16 posted on 03/03/2014 8:44:23 AM PST by DManA
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To: SeekAndFind

It’s easy to be reassuring when you’re the ultimate crony capitalist.


17 posted on 03/03/2014 8:44:29 AM PST by MichaelCorleone (Jesus Christ is not a religion. He's the Truth.)
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To: catnipman
Which would be a net loss of $400.00 each if they recently bought ‘em for a $1000.00 each.

Or a net gain if they bought them at $500 each.

Or in the case of the 450,000 bitcoins that just evaporated at Mt. Gox, they gonna be selling ‘em for nuttin

It was widely known that Mt. Gox was miserably run for months prior to its collapse. If an exchange takes 5 months to process withdrawal requests, people should steer clear.

And those that purchased through Mt. Gox and were able to withdraw to their wallet lost nothing. Only those who left their coins up at the site.

As Mt. Gox collapsed, their price of a bitcoin went to about $100 when it was $500-$600 everywhere else. Granted, the other exchanges took a heck of a hit as Mt. Gox foundered. People were still flooding in money to Mt. Gox hoping to buy cheap coins and refusing to see that the radical price difference was the sign of the impending collapse. I'd concede that those folks were indeed ninnies.

But their "ninnie" status relates more directly to Mt. Gox than to bitcoin itself. If Mt. Gox and bitcoin were one in the same, bitcoin would be selling for $0 today. Instead, it is over $600.
18 posted on 03/03/2014 8:53:05 AM PST by mmichaels1970
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To: RIghtwardHo

“Bitcoin. lol Who on Earth couldn’t see that coming? I guess the ninnies that bought them.”

Yep, they went from $34 in March of ‘13 to $628 at the moment. What a bunch of stupid fools those “ninnies” are! LOL

BTW, they’ve gone from $528 to $628 since the Mt. Gox bankruptcy announcement.


19 posted on 03/03/2014 8:57:03 AM PST by PreciousLiberty
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To: catnipman

“The problem is that not all new ideas are good simply because they are new ideas, e.g., Metro UI & Windows 8.x, Segway, New Coke, the Edsel, the Newton, Windows Bob, etc.”

Right, but the idea of a robust digital commodity is squarely in the pantheon of “good ideas”.

Personally, I like the idea of being able to transmit any amount of money anywhere for a few cents. That is the main value proposition of Bitcoin.


20 posted on 03/03/2014 9:32:14 AM PST by PreciousLiberty
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To: DManA
Buffet only tells you what he want’s you to know. i.e. he’s a liar.

^^^^THIS^^^^

Anyone who thinks Buffett will be throwing money at this market only 300 points from its all time high is delusional.
21 posted on 03/03/2014 9:42:33 AM PST by Red in Blue PA (When Injustice becomes Law, Resistance Becomes Duty.-Thomas Jefferson)
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To: SeekAndFind
I think the biggest news of this interview , which is getting minimal exposure everywhere (including FR) was his basically debunking the impact of globull warming and climate change.

Gore's head had to be exploding as a result.

Like hm or not, the man is a money making machine. He also knows he has the power and influence to make comments like that without enraging the Obama slime machine. I hope he finally shakes ALL the liberal guilt that besiege some of the rich before he dies.

22 posted on 03/04/2014 12:23:12 AM PST by catfish1957 (Face it!!!! The government in DC is full of treasonous bastards)
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