Description
In his 2011 letter to Berkshire Hathaway shareholders, Warren Buffett described the three different types of assets—and warned against investing in assets like Bitcoin, whose value has plunged 27% this week alone. I share the lessons from this letter that help provide clarity to this week's cryptocurrency crash. If you enjoy the episode, please follow the podcast and share it with a friend.
Nick Maggiulli is the Chief Operating Officer at Ritholtz Wealth Management and author of the popular investing book Just Keep Buying: Proven ways to save money and build your wealth. If you enjoy this episode, buy Nick's book on Amazon and follow CMQ Investing for free.
Published 11/01/22
Cathie Wood's ARKK Fund is imploding, just as I predicted it would in January of 2022. Yesterday the ARK Invest CEO published an open letter to the Federal Reserve chair, Jerome Powell, encouraging him to lower interest rates. I can't make this up! Listen to this episode for my immediate...
Published 10/11/22