Oracle of Omaha
Warren Buffett’s Berkshire Hathaway spent more than $50B on stocks in the first quarter after years of stockpiling its cash.
The company's fundamental strategy has been to identify valuable companies and then acquire increasingly large portions of them.
The market’s recent volatility has allowed Berkshire to find and invest in what Buffett calls “mispriced businesses.”
At the company’s annual shareholder meeting, the legendary 91-year-old investor offered his thoughts not only on the company’s recent spending spree but also:
The markets: “It’s a gambling parlor”
Inflation: “It swindles almost everybody”
Crypto: “If you told me you own all of the bitcoin in the world and you offered it to me for $25, I wouldn’t take it because what would I do with it? I’d have to sell it back to you one way or another.”
Dive into 28 key lessons from Buffett here.
New kid on the block
Tiger Global went on a blockchain frenzy in 2021.
The investment firm inked 21 blockchain deals last year after investing in just 1 blockchain company (Coinbase) over the previous 4 years.
This dovetails with blockchain’s record funding year in 2021, driven by growing consumer and institutional demand for crypto.
Already in the first two months of 2022, Tiger participated in 8 blockchain deals.
Key focus areas for the investor include fintech applications like crypto wallets and digital asset trading, as well as industry-agnostic infrastructure and developer tools for decentralized apps (dapps), Web3, and more.
We map out where Tiger Global is making bets on the future of technology here.