Credit: Shutterstock photoWelcome to this week's Carnival of Berkshire. Before anything, I want to wish everyone a safe and happy holiday season. A major milestone was hit this week as Berkshire Hathaway 's (NYSE:BRK.A) (NYSE:BRK.B) A shares touched $300,000. When I started investing, I remember it was "expensive" when it was trading at $120,000. Now, that looks like a bargain. It is crazy to think Warren Buffett ( Trades , Portfolio ) first purchased shares of Berkshire at $7.50 when it was still a textile company.
What is Bitcoin Really Worth?
A great article by well-known economist Robert Shiller on bitcoin. I recently wrote an article about how Buffett believes you cannot value bitcoin because it is not a value-producing asset. Shiller has a similar view.
I personally have no interest in even opening a bitcoin account. But the warning signs are everywhere, cryptocurrencies are in a bubble and remain unregulated.
Seth Klarman calls Bitcoin a "trading sardine"
Some "heavyweights" of the financial world have come out against bitcoin and other cryptocurrencies. I found this CNBC article interesting as it contains a paragraph from Seth Klarman (Trades, Portfolio)'s book, "Margin of Safety." In regard to speculation, Klarman wrote:
As the article states at the end, Klarman was asked if bitcoin was "trading sardine." He replied, "Yes."
10 Questions With Todd Combs
A great question-and-answer session with Todd Combs, who is running part of Berkshire's stock portfolio ($10 billion or so). One of the things that impresses me to this day is how much Buffett, Munger and now Combs read. In the article, Combs says he reads about 12 hours a day. This has motivated me to start reading physical books again and I encourage you to do the same. You will be amazed with the information that is out there.
This article first appeared on GuruFocus .
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
