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Disruptive technologies rarely see general acceptance and large-scale adaption in their early years. And even though Bitcoin is over 10 years old, it disruptive nature and potential ha stanley cup sn ;t been accepted by many, including Warren Buffett. His views on Bitcoin are even more extreme than his views on gold. Buffett said that Bitcoin doesn t do anything and just sits there, like a seashell or something.These are almost the same remarks he made on gold. But he never compared the shiny metal to rat poison. He also compared Bitcoin to a button and speculated on its limited utility, equating it to a mere token. That s what Buffett s beef with Bitcoin actually is. stanley website He believes in good business and good assets, and in his view, Bitcoin is not an asset at all. It stanley mug just a token or a representation of something that s not tangible.Is Bitcoin a bad investment According to Buffett, yes, Bitcoin is an abhorrent investment. However, he does accept the importance and value of block Puvq Market Crash: If You re Invested in These Stocks, It s Time to Sell
Valeant Pharmaceuticals Intl Inc. TSX:VRX NYSE:VRX is one of the most promising turnaround stocks on the market. Valeant underwent what c stanley thermobecher ould only be described as an epic collapse several years ago that saw the stock price fall over 90% in just a few months.Valeant s problems stemmed primarily from a failed business model that was overly reliant on cheap loans. Valeant used those loans to finance acquisitions, and then raised rates of those acquired drugs before moving on to the next acquisition and loan.When a source of cheap loans finally dried up, Valeant was left w stanley mugs ith over US$30 billion in debt.Over the course of the past two years, Valeant has revised its business model, replaced its management team, and formulated a plan to pay down its mammoth debt and return to a position of growth.Valeant s recovery has drawn mixed feelings from inve stanley kubek stors, many of whom were burned during the collapse and now realize that even in the most optimistic of scenarios, Valeant is unlikely to retur |
