 | Amanda Heckman
Editorial Director |
Well, well, well. The Oracle of Omaha is eating his words. Berkshire Hathaway just made a big move into a sector that Buffett had pledged to stay out of. Perhaps after reading our words over the past year and a half, he now gets it. Buffett just got into crypto. Rat Poison No MoreYou may recall that he called crypto "rat poison" back in 2018. A year later, he said it was a dead asset that "has no unique value at all." But he's singing a different tune these days. We may have helped him see the light. After all, we first started writing about our excitement for crypto's potential in 2020. That's when Andy made his first-ever crypto pick for Manward Letter readers. He has since made crypto a big part of his Modern Asset Portfolio. As crypto made waves, we dug deep into its impact on the economy and our money. We told of its widespread use and its growing list of big-name buyers. We told you how in a world of ultra-low interest rates, investors would be smart to put some money into crypto to find the growth they're looking for. Looks like Buffett's finally caught on. SPONSORED | The "Secret Tech Companies" Delivering Big Profits Cirrus Logic... Q Technology... Micron Technology... these are all little-known tech stocks that saw 10-bagger gains after getting into the Big Tech supply chains. It took as little as 18 months or as long as 12 years. And now, another $10 stock could join them. It just broke into the Tesla and Samsung supply chains. And Apple reportedly is collaborating with the company on a $330 million facility to add the company's tech to the iPad and iPhone. What is this special tech that the $10 stock developed? See it in action right here. | | |
Bank on ItBerkshire just told the world that it has bought $1 billion (yup, "billion" with a "b") worth of shares in a digital bank that offers crypto services. Nubank is based in Argentina and is the largest digital bank in Latin America. As a "neobank," it works outside of normal banking rules. Neobanks are fintech firms that don't have federal regulators and aren't federally insured. They also don't have physical branches. Instead, they offer services through an app or on a website. Nubank serves a large Latin American population - a demographic with a distrust for traditional banks - in a region that has become a fintech hotspot (and has offered plenty of reasons for distrust). But what stands out about Buffett's move is that Nubank's customers are able to invest in a Bitcoin ETF through its investment division, Nu Invest. Now, even though Nubank is not itself a crypto firm, it's likely to take on more exposure to crypto. [Details on the top 4 stocks to BUY NOW. Don't put another dime in the markets until you watch this.] The Association for Private Capital Investment in Latin America found that crypto-related venture spending in the region saw a tenfold year-over-year increase in 2021. And two of the region's latest $1 billion unicorns, Mercado Bitcoin and Bitso, are crypto exchanges. It's clear Buffett is eating his words... and they taste a lot like crypto. He sees the huge opportunity that comes with it - especially in an emerging economy with a growing fintech industry. We're just glad he's finally joining the party. The semiconductor industry is feeling some whiplash these days. The sector hit new highs last year thanks to big demand for its tiny chips... Yet the tech sector's rough start to 2022 has dragged many stocks down. In this week's episode of Stock of the Week, Alpesh takes a look at a leading chipmaker that's feeling the pain. Will the bad news continue... or do the numbers paint a better picture? The answers are in this week's video. Click here or on the image below to watch it Canadians just got a tough lesson on freedom... and what it means for their money. In a last-ditch effort to end his country's protests, Prime Minister Justin Trudeau used the nation's Emergencies Act to clamp down on what hurts folks the most... money. It's why we fear the death of cash so darn much. With one move... one stroke of the mighty pen... everything can be locked up. That's why now's a good time to understand the crucial difference between freedom and liberty. Keep reading... "I certainly didn't invest in crypto. I'm proud of the fact I've avoided it. It's like a venereal disease or something. I just regard it as beneath contempt." - Charlie Munger, Berkshire Hathaway vice chairman and world's crankiest man Want more content like this? | | | |
Amanda Heckman | Editorial DirectorAmanda Heckman is the editorial director of Manward Press. With unrivaled meticulousness, she has spent the past dozen or so years sharpening Andy's already razorlike wit... and has worked with numerous bestselling authors and award-winning financial gurus along the way. | | |
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