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Buterin reacts to investment advice from Bill Gates and Warren Buffet
Vitalik Buterin gave advice on how to make a good investment on account X. Buterin shared this advice in response to an example given by Bill Gates and Warren Buffet.
"Bill Gates' fortune would be multiplied by 10"
One person on X tweeted, "Be careful about portfolio diversification. After meeting Warren Buffet, Bill Gates sold his Microsoft shares and went for portfolio diversification. If Bill Gates hadn't sold his shares, his current fortune would have been $1.3 trillion instead of $138 billion."
"Financial power brings freedom"
The Ethereum founder, on the other hand, reacted to this tweet and emphasized the importance of portfolio diversification, saying:
"That's terrible advice. Portfolio diversification is good. Save and have money to cover your expenses in a few years. Financial power brings freedom. Also, don't trade too much in your portfolio. Do not engage in more than 2-fold calculating transactions"
Shares of Microsoft, founded by Bill Gates and listed on Nasdaq since 1986, have gained more than 378% since the first trading day.
Published: January 8, 2024 09:00Last Updated: January 8, 2024 09:03