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The week's question
In December 2024, in the thread "Re: BRK: Why Not XOM?", BreckHutHigh asked the members: "What about the long road trips with kids?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
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Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A)
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Author: Goofyhoofy 🐝 HONORARY
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Number: of 21944 
Subject: Re: O/t, what can Buffett be thinking as
Date: 12/16/24 7:17 AM
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As he watches these Trump trades rally? The crypto space,

He won’t be thinking anything. He won’t care. Crypto, like gold, doesn’t *do* anything. It produces nothing (indeed, it costs. Crypto can’t exist without gobs of electricity. Gold can’t exist without storage, protection, smelting. Same, but different.)

Those are idle bets which Warren doesn’t do. (OK, sue me, he has once or twice along an almost century long career). He invests in productive enterprises, things which produce goods or services, things which can be measured against the utility they provide. Neither crypto nor gold nor silver do any of those. They are a bet against what other people might think someday about the value of said commodity.

He doesn’t care. I dare say he will never care. Stop trying to force this inanity into the conversation. It’s as dumb as the people two decades ago who said “Why doesn’t he invest in Pets.com?”
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This community has written 21,448 posts about Berkshire Hathaway. The article-length ones it recommended most:
BRK: Why Not XOM? · 62 recs · 2024
Second quarter comments · 60 recs · 2023
Berkshire's Profit Contributors · 57 recs · 2023
Summary of 2Q 2026 · 54 recs · 2026
3Q Summary · 53 recs · 2024
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