TL;DR
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Warren Buffet is insanely smart and has an excellent investment track record. So when he doesn’t like something, people start to wonder if he’s onto something.
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Buffet recently commented on the rise of AI at Berkshire Hathaway’s annual meeting, saying “I know we’re not going to be able to undo it,” likening it to the atomic bomb.
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Which has echoes of his sentiment on Bitcoin, which he calls “rat poison.”
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Warren says he has no knowledge of technology. He is the man who posted a $2 billion loss after investing in IBM in 2012 (instead of for example: FB, AAPL, AMZN or MSFT).
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That makes asking Buffet about AI and blockchain comparable to asking your grandfather Fortnite and expects a substantiated response. (You will be disappointed).
Full story
These things are all given.
But people seem to be stuck with the latter. Why? Because Warren is insanely smart and has an excellent investment track record.
So when he doesn’t like something, people start to wonder if he’s onto something.
Buffet recently commented on the rise of AI at Berkshire Hathaway’s annual meeting, saying:
“It can do anything and if anything can do anything, I’m a little worried,” “I know we can’t undo it and, you know, we invented – for very, very good reason – the atomic bomb, “
Which has echoes of his sentiment on Bitcoin, which he calls “rat poison.”
And we get it! Whichever way you slice it, AI is equal parts spooky and exciting – the more we explore it, the more those feelings are amplified.
But here’s the thing:
(From own admission) Warren doesn’t understand technology.
He is the man who posted a $2 billion loss after investing in IBM in 2012 (instead of for example: Facebook, Apple, Amazon or Microsoft).
That makes asking Buffet about AI and blockchain comparable to asking your grandfather Fortnite and expects a substantiated response.
(You will probably be disappointed).
