The investment recommendation Marc Andreessen has ever heard is that of Warren Buffett, the legend of the generation and venture capitalist told Bloomberg’s David Rubenstein in a recent interview.
Berkshire Hathaway CHIEF Executive Buffett, who has a net worth of around $101 billion, is known for the methods he used to become one of the most successful investors of our time. basket, however, watch this basket carefully. “
Andreessen believes this is a smart recommendation for investors. “I really know what to do,” he says. Really perceive deeply the nature of what you invest in. “
Buffett’s approach, known as price investing, is the opposite of speculative investments for the temporarily rich like cryptocurrencies. Its strategy forces investors to dig not only deeper into the latest news, but also to focus on the basics of a company when deciding where to allocate their money.
The billionaire investor called bitcoin a nugatory illusion, called it a “rat poison” and predicted that virtual assets will have a bad ending. But Andreessen does share this view on cryptocurrencies, stating that he takes them “very seriously. “
“Money is an app. There are a lot of other applications, a lot of other things that other people will do with this technology,” he said.
Andreessen also earns cash in an S index fund
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