I'm not sure you have the context right for the beginners, or potential investors on this thread? ADO still remains SPECULATIVE!
From the genius himself -
Investing vs. speculating
Assets such as businesses, rental homes and farmland generate income organically for the owner, making them real investments. These investments can be made on a private basis.
“You don’t really care if the stock market is open,” Buffett told Serwer. “You look at the investment itself to deliver the return to you.”
In contrast, a speculative asset needs a market of buyers and sellers. For example, Bitcoin, art and vintage wine do not produce income organically, so the only way to derive a return is to sell it to someone else for more than you paid.
“If you buy Bitcoin or some cryptocurrency, you don’t really have something that produces anything. You’re just hoping the next guy pays more,” Buffett said.
This could explain why Berkshire Hathaway has avoided speculative assets such as cryptocurrencies or precious metals.
ADO Price at posting:
2.2¢ Sentiment: None Disclosure: Held
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