Will Bitcoin Soar Under the New Trump Administration? Here's What History Suggests.
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Roughly one year ago, Berkshire Hathaway CEO Warren Buffett wrote the following in his 2023 shareholder letter: "For whatever reasons, markets now exhibit far more casino-like behavior than they did when I was young. The casino now resides in many homes and daily tempts the occupants."Buffett has a way of simplifying complicated ideas, often explaining them in sobering ways. I can't help but see a subtle and perhaps hidden sense of loathing that Buffett may feel nowadays, given how the activity in the markets seems increasingly driven by narratives as opposed to sound fundamentals, such as earnings and growth.I'm in no way suggesting this is how Buffett feels. Rather, this is my own interpretation of his metaphor comparing the stock market to a casino.Continue readingWeiter zum vollständigen Artikel bei MotleyFool
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