Warren Buffett announced his retirement as CEO of Berkshire Hathaway at the age of 94. The investor, who acquired the company in 1965, will propose Canadian Greg Abel as its new CEO.

In his recent public reappearance, Buffett announced his retirement to make way for a new CEO who will take over later this year, assuring that he will remain present “and could be helpful in some cases.”

The entrepreneur clarified that he will not sell a single Berkshire Hathaway share for financial reasons, as he believes the company’s prospects “will be better under Greg’s management than under mine.”

Buffett’s decision was announced during Berkshire’s annual dinner, attended by some 40,000 people. The gathering was an opportunity to issue a warning to President Donald Trump: “Trade cannot be an act of war, and I think it has led to bad things. We should seek trade with the rest of the world; we should do what we do best, and they should do what they do best.”

Among other comments related to the current financial landscape, Buffett asserted that “soon his company will re-enter the financial market because opportunities will open up for which we will be happy to have the cash.”

M.Pino

Source: ambito

(Reference image: Sean Pollock on Unsplash)

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The cryptocurrency Doge Coin (DOGE) is considered the strongest crypto, as a medium of exchange of all digital assets, according to Elon Musk and Mark Cuban agree.

In Cuban’s opinion, the Doge is cultivating a niche in the market, which generates a preponderance over other cryptocurrencies. “It is a means that can be used to acquire goods and services. The Doge community is the strongest when it comes to using it as a medium of exchange,” Mark Cuban expressed.

For his part, Elon Musk, CEO of Tesla, noted: “I’ve been saying this for a while,” which indicates an endorsement of Cuban’s words.

Cuban, who owns the NBA team Dallas Mavericks, explained to his 8.5 million followers on his social network Twitter, that his basketball team accepts payments in different cryptocurrencies, but most buyers decide to cancel with the crypto of memes Doge.

“I am not fooling Doge. I check the products and services of my companies. Where we allow people to pay in ANY crypto. But 95 % of the sales are made in Doge,” said Cuban. He acknowledges that during the negotiation they can talk about the different crypto but when the negotiation is finalized, people are paying with Doge.

Last May, the billionaire stated that Dogecoin required users and utility to maintain itself. “Meme coins like DOGE only work if they obtain utility and clients use them for that utility. As long as you can spend Doge, because we know that its annual inflation rate is set at 5 billion coins, you can gain some value as your profit grows,” emphasizes the businessman.

M. Rodríguez

Source: notiulti.com

La entrada Doge is considered the strongest crypto in the market apareció primero en Bitfinance.