Warren Buffett: I was wrong on Google and ‘too dumb’ to appreciate Amazon

  • Warren Buffett admitted to shareholders Saturday that he made a mistake by not buying Google shares years when the company was getting $10 or $11 per advertising click from Berskhire Hathaway consumer insurance company subsidiary Geico.
  • On CNBC’s “Squawk Box” on Monday, Buffett said, “If I was forced to buy [Google-parent Alphabet] or short it, I’d buy it; same way with Amazon.

Warren Buffett says he should have figured out Google had a great ad business because he was a customer.
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Warren Buffett admits he made a mistake on Google, and was ‘too dumb’ to appreciate Amazon

  • Warren Buffett admitted to shareholders Saturday that he made a mistake by not buying Google shares years ago, when the company was getting $10 or $11 per advertising click from Berskhire Hathaway consumer insurance company subsidiary Geico.
  • Buffett has often said he avoided tech stocks in the past because he didn’t really understand how they were making money and whether they would be able to do so over the long term.
  • For years, Buffett was a true believer in Big Blue, but told CNBC in an interview he had cut his holdings in the stock by a third.
  • “I don’t value IBM the same way that I did six years ago when I started buying,” he said, adding that the company as “run into some pretty tough competitors.”
  • In the case of Google, however, Buffett said he could have figured out the company had a great advertising business because he was, in effect, contributing to its profits.

Warren Buffett said he should have figured out Google had a great ad business because he was a customer.
Continue reading “Warren Buffett admits he made a mistake on Google, and was ‘too dumb’ to appreciate Amazon”

Could Blockchain Technology Help Starving Musicians?

  • Blockchain in the music industry is going viral like a hit song and propagates its magic from the artist to the music lover (and back).
  • Some have begun to harness blockchain technology for the music industry.
  • Like any industry that is encumbered by inefficient intermediaries, the music industry will be disrupted by new developments in technology and governance.
  • There is a serious lack of transparency in the music industry.
  • Musicians can now embed their music directly into the blockchain and get paid immediately in any cryptocurrency of their choice.

Almost 100 years later, musicians still must go through this archaic system of intermediaries developed before the advent of the internet, where the arti…
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Could Blockchain Technology Help Starving Musicians?

Could #Blockchain Technology Help Starving Musicians?

  • Blockchain in the music industry is going viral like a hit song and propagates its magic from the artist to the music lover (and back).
  • Some have begun to harness blockchain technology for the music industry.
  • Like any industry that is encumbered by inefficient intermediaries, the music industry will be disrupted by new developments in technology and governance.
  • There is a serious lack of transparency in the music industry.
  • Musicians can now embed their music directly into the blockchain and get paid immediately in any cryptocurrency of their choice.

Almost 100 years later, musicians still must go through this archaic system of intermediaries developed before the advent of the internet, where the arti…
Continue reading “Could Blockchain Technology Help Starving Musicians?”

Could Blockchain Technology Help Starving Musicians?

  • Blockchain in the music industry is going viral like a hit song and propagates its magic from the artist to the music lover (and back).
  • Some have begun to harness blockchain technology for the music industry.
  • There is a serious lack of transparency in the music industry.
  • Like any industry that is encumbered by inefficient intermediaries, the music industry will be disrupted by new developments in technology and governance.
  • According to Benji Rogers , founder of Pledge Music

Almost 100 years later, musicians still must go through this archaic system of intermediaries developed before the advent of the internet, where the arti…
Continue reading “Could Blockchain Technology Help Starving Musicians?”

Could Blockchain Technology Help Starving Musicians?

  • Blockchain in the music industry is going viral like a hit song and propagates its magic from the artist to the music lover (and back).
  • Some have begun to harness blockchain technology for the music industry.
  • There is a serious lack of transparency in the music industry.
  • Like any industry that is encumbered by inefficient intermediaries, the music industry will be disrupted by new developments in technology and governance.
  • According to Benji Rogers , founder of Pledge Music

Almost 100 years later, musicians still must go through this archaic system of intermediaries developed before the advent of the internet, where the arti…
Continue reading “Could Blockchain Technology Help Starving Musicians?”

Can This Social Media Site Make You Rich?

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  • Like most money, Steems value is based on the unspoken agreement among users that it has value.
  • Steemit created ‘magic internet money’ – and has distributed $4 million to users since it launched last summer
  • But with the point system – this magic Internet money – the users can get paid for creating and curating content.”
  • Ranked on a scale from 1 to 10, the trending score reflects the number of users reading a story in real time.

Steemit created ‘magic internet money’ – and has distributed $4 million to users since it launched last summer.
Continue reading “Can This Social Media Site Make You Rich?”