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Buffett on bitcoin, digital currency, new coronavirus and apple

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The introduction of bitcoin is like keeping money in a suitcase, where it can be shipped from one country to another -- and people's demand for carrying their suitcases can fall.

The original title: "talking about a new coronavirus, bitcoin, apple... 18 quotes from warren buffett's interview that are worth reading!"
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Author | Theron Mohamed translated | fire sauce, coordinating editor | Carol

谈论新型冠状病毒、比特币、苹果公司……沃伦•巴菲特受访中的 18 个金句，值得一看！

Warren Buffett covered a lot of ground in a lengthy interview with CNBC this week.

Video link:https://www.youtube.com/watch? V = JvEas_zZ4fM & amp; T = 1 s

Warren buffett is known for his witty and insightful comments, which many investors see as an investment guide.

In an interview with CNBC this week, the 89-year-old investor and chief executive of Berkshire Hathaway offered some unique insights on apple, bitcoin, the new coronavirus, the democratic presidential choice, his own death and other topics.

Here are 18 of buffett's best quotes from the interview:

"If I were to die tonight, the board would know exactly what to do in the morning. But I hope they will be polite enough to wait until my body cools down" -- on Berkshire's succession plan.

"Berkshire without me is basically the same as Berkshire with me in terms of value." -- on the long-term prospects of the enterprise.

"The two people on the stage are 185 years old, and we don't touch people who show signs of infection." -- when buffett and his 96-year-old partner Charlie Munger spoke at Berkshire's annual shareholder meeting in May, they discussed the threat posed by the new coronavirus.

"Charlie is the best 30-second thinker in the world... there's no one better to talk to than the 96-year-old," he said in a conversation with munger.

"You should never make a decision whether to buy or sell your stock based on today's headlines" -- on the frenzied market selloff triggered this week by the new coronavirus.

"My own scientific adviser is Bill Gates." Buffett said he had discussed the new coronavirus with the Microsoft founder and billionaire philanthropist.

"Give me a $10 billion budget and tell me to come up with another Coca-Cola and weaken the current coke. I can't do that." -- talking about the power of brands.

"The pursuit of yield is stupid, but that's human nature... but in the end, at midnight, everything turns into pumpkins and rats." -- talking about the growing risks taken by insurance companies.

"I don't have any cryptocurrency now and I never will." -- on bitcoin and other cryptocurrencies.

"The introduction of bitcoin is like putting money in a suitcase, because the money is transported from one country to another in the suitcase -- people's demand for suitcases may drop off. You can think of this as bitcoin's economic contribution to society" -- referring to its negligible value.

"I don't think having another billionaire supporting him is necessarily the best news, but I will support him." -- talking about supporting fellow billionaire former New York City mayor Mike Bloomberg as the Democratic Party's presidential candidate.

"I think we should make sure that the golden goose continues to lay eggs." -- talk about preserving the American capitalist system.

"I'm very sorry that senator Sanders has this' a lot of people are left behind and it's not their fault 'view," he said, referring to his disagreement with some of senator Bernie Sanders' views.

"Over the past few years, the American public has become obsessed with conglomerates... this is an area called index funds. Talk of a Berkshire hathaway conglomerate.

"You can't run a French restaurant and sell hamburgers in it, and you can't run a burger stand and sell French food in it." -- about the need to run Berkshire hathaway according to shareholders' wishes.

"Apple is probably the best company in the world I know." Talk about apple, one of Berkshire's largest holding companies.

"It might record me crushing my old clamshell with my foot and obsessing over my new smartphone." -- speaking of recording a video for Berkshire's annual meeting, there may be a segment that pokes fun at him for finally upgrading his phone to an iPhone.

"I don't think it's going to be in the top 15 per cent for another 10 or 15 years... [but] I can assure you we're not going to be in the bottom 25 per cent for a long time." -- on the stock outlook for Berkshire hathaway.

The original:https://www.msn.com/en-us/money/news/warren-buffett-discussed-apple-bitcoin-coronavirus-and-bernie-sanders-in-an-interview-this-week-here-are-his-18-best-quotes/ar-BB10x0F1

Source:weixin.qq.com