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/biz/ - Business & Finance

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12333136 No.12333136 [Reply] [Original]

Warren Buffett spent just over $1 Billion to buy 9.8 million shares of Apple in Q1 2016. Today that stake is worth ~$1.4 Billion.

If he had taken the money and bought Bitcoin instead, he would have $8.7 billion.

Maybe Mr. Buffett should start buying some rat poison

>> No.12333150

>>12333136
Hey would have started another bullrun and crashed the market in 2017.

>> No.12333590

>>12333136
>conservative 400m at the ripe old age of 974
Or
>risky gamble on a trade / technology you know nothing about

>> No.12333601

>>12333136
You won't be able to buy such a huge amount without pumping up the price significantly.

>> No.12333624

>>12333136
The difference is you can sell $1.4 billion of Apple and it'll still be worth that much. If you try to sell $8.7 billion of bitcoin, it will only be worth a couple hundred million by the time you're finished dumping

>> No.12333639

>>12333624
Daily volume is way less than that idiot.

>> No.12333659

>>12333136
thing is berkshire will probably hold those shares for 20 years. guaranteed even a fuckass company like apple will be 3x what its worth today in 20 years

>> No.12333665
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12333665

>>12333136
Buffet is a boomer cuck.

>> No.12333668

>>12333624
>The difference is you can sell $1.4 billion of Apple and it'll still be worth that much.
$1.4 billion is enough to significantly move a major market if you sell it all at once. Also will probably cause a sell-off/panic

>> No.12333710

>>12333136
A $2 billion sell off caused the december crash. A $2 billion pump would send the price rocketing up.

>> No.12333738

>>12333665
nearly checked but I'd rather kek