What went wrong with Warren Buffett (E1542)
In this episode of Keiser Report, Max and Stacy discuss the simple puzzle of the Chinese finger trap that children often fail to solve because they panic when they should relax. This applies to the economic system in which the Fed and, to a lesser extent, the government panic and print rather than relax and just let the business cycle play out. In the second half, Max talks to Preston Pysh of TheInvestorsPodcast.com about what went wrong with Warren Buffett and his style of investing. They also discuss another legendary investor’s foray into bitcoin. Paul Tudor Jones has sent the bitcoin community into a tizzy as the hedge fund manager points to the central banks as the reason he wants to own ‘the fastest horse in the race’ against money printing.
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