Dr. Julian Hosp Profile picture
May 7 โ€ข 7 tweets โ€ข 2 min read Twitter logo Read on Twitter
My Top 5 Takeaways from the #BerkshireHathaway Annual Shareholders Meeting 2023: ๐ŸŽฉ๐Ÿ”ฎ I watched the online stream and came away with five key points that really stood out to me:
1/ ๐Ÿฆ Cash is King: #Buffett revealed that he sold lots of shares in Q1 2023 and is currently holding a substantial amount of cash. He emphasized that cash isn't trash and even suggested that 0% inflation would be better. Seems like he's preparing for something!!
2/ ๐Ÿš€ Warren Buffett praised @elonmusk's adventurous spirit, saying that he tries the impossible. However, he also noted that they prefer lower-risk investments and wouldn't invest in Tesla due to its uncertain future. He emphasized the importance of not losing money.
3/ ๐Ÿ #Apple's Astonishing Success: Buffett had high praise for Apple, calling it "pretty much the best business they own." He highlighted the love consumers have for the brand and its products, reaffirming his confidence in the tech giant.
4/ ๐Ÿ’ผ Passion and Ownership: Buffett stressed the importance of working on something you truly love, ideally in your own business or at least having equity in it. Passion and ownership are key drivers for success, according to the Oracle of Omaha.
5/ ๐ŸŒ More Societal Correctness: I noticed that Buffett's responses seemed less direct than usual. It could be because he's cautious right now, or he simply doesn't want to rub shoulders. For example, on questions about US and China , he didn't want to offend either side.
These were the points that stood out to me the most. Did you watch the meeting? What resonated with you?

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More from @julianhosp

May 10
๐Ÿงต1/14 Facing and uncomfortable Reality: What @defichain truly needs! And intellectually honest analysis.๐Ÿš€
๐Ÿงต2/14 Quick background: The past year has been tumultuous for the #DeFi space, largely due to the failure of Terra's stablecoin, UST. That uncertainty paired with the massive crypto price drop, caused fear to $DFI investors.
๐Ÿงต3/14 Price follows Value. Always. ๐Ÿ”‘
Value is determined by three factors: Utility (the most important!), number of people (marketing), and rarity. These factors are critical for any investment. I've written a blog post about this: julianhosp.medium.com/resolving-dusdโ€ฆ
Read 14 tweets
May 8
1/10 CryptoWeek 19 Insights: 10 Key Points to Watch ๐Ÿง๐ŸŒ I'm back with my weekly guide to the crypto markets ๐Ÿš€. Every Week I send an overview to almost 2 million subscribers on ceonews.cakedefi.com. Here is a summary of the ten crucial points I'll be monitoring this week:
2/10 ๐Ÿ“ˆ BUSD selling may continue, pushing #BTC up. Watch for a possible price drop if BTC wells into TUSD. ๐Ÿ“‰
3/10 ๐Ÿ” #Binance faces #DoJ scrutiny. Will this lead to criminal pursuit? Binance's move into #Bitcoin could hint at insider knowledge. ๐Ÿค”
Read 10 tweets
May 8
1/ Debunking the Myth: Did Ordinals & BRC20 Break Bitcoin? ๐Ÿš€๐Ÿ’ก Let's dive into the facts and debunk some common misconceptions surrounding the impact of these protocols on the #Bitcoin network. ๐Ÿง๐Ÿ”
2/ Chess Game Analogy: ๐ŸŽฒ Just like in a game of chess, players have different strategies & motives. Some spread fear, uncertainty, and doubt ๐Ÿ˜จ, while others promote their own solutions. It's crucial to critically analyze the claims made by both sides. ๐Ÿ•ต๏ธโ€โ™‚๏ธ #crypto
3/ State-Level-Attack: ๐ŸŒ We've seen that a state-level attacker might need about $2 billion to come close to stifling the Bitcoin network. The network can adapt & grow, but this is definitely a concern. ๐Ÿ˜ฌ #BitcoinSecurity
Read 10 tweets
Nov 23, 2022
1/ To put some color on this:
On our @cakedefi balance sheet, our customer assets are divided into 3 categories:
1. Digital Assets held for platform users (current): These are mainly Staking and Liquidity Mining assets
2. Digital Assets held for platform users (non-current):
2/ These are Staking and Liquidity Mining assets that customers have committed/frozen for up to 10 years to get up to double the rewards
3. Digital Assets receivable: These are assets in Lending.
3/ Important: We have completely called back these assets as of beginning of November 2022: blog.cakedefi.com/proof-of-reserโ€ฆ)

Altogether these are approximately US$891million at the time of the snapshot, which corresponds exactly with the liabilities to customers.
Read 17 tweets
Nov 18, 2022
The steel man argument: Because Bitcoin has the least amount of risk and will very likely track the crypto market.
The honest reason: Maxis don't want to think or aren't very smart, don't want to weigh pros, cons or actual merits, and simply shill the oldest coin.
The way you can see this, is how people respond to criticism. Most Maxis instantly go towards name-calling, tone, or simply shifting to a different argument, etc. rather than actually tackling the concrete points being made. Image
A good example is how maxis respond to completely rational points made by @VitalikButerin, @udiWertheimer, @ercwl or @Justin_Bons
Read 4 tweets
Oct 11, 2022
1/ No idea if @elonmusk talked to Putin ( I doubt it - why would he), but here is what I expect to happen AFTER the midterms: Crimea remains Russian, accepts a form of permanent neutrality, and recognises Russiaโ€™s annexations of Luhansk, Donetsk, Kherson and Zaporizhzhia.
2/ Why? Incentives are everything, and one key trail to follow is the key incentive of the US in all this. The Ukraine conflict solved so many of their issues (inflation, weak dollar, democrats' unpopularity, etc.) and the midterms are a pivotal point.
3/ Once the midterms are over, the are 2 years till the next major election - enough time to clean everything up, let it crash in 2023, and re-build in 2024.
Read 4 tweets

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