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Bill Gates has expressed skepticism about Bitcoin, claiming that its volatility makes it a risky investment for most people, particularly those without significant wealth. He believes that high IQ individuals can be misled by the allure of Bitcoin, while figures like Elon Musk can manage the risks due to their financial cushion. Gates warns that the unpredictable nature of Bitcoin could lead to substantial losses for average investors, advising caution when considering such high-risk assets.
The Milken conference kicks off today in Los Angeles, featuring Treasury Secretary Scott Bessent and host Michael Milken. Meanwhile, Warren Buffett announces his retirement as CEO of Berkshire Hathaway, with Greg Abel set to succeed him, though experts warn he is "literally not replaceable." As the market braces for potential recession, American shoppers may face fewer choices due to Trump's tariffs.
Warren Buffett announced he will step down as CEO of Berkshire Hathaway at the end of 2025, recommending Greg Abel as his successor. Tributes poured in from business leaders, praising Buffett's extraordinary career, integrity, and philanthropic efforts, with many expressing confidence in Abel's leadership.
Mark Cuban has engaged in a public dispute with Elon Musk regarding tariffs, highlighting their differing views on trade policies. The clash underscores the ongoing tensions between influential figures in the business world as they navigate complex economic issues.
Elon Musk's DOGE is reportedly undermining the Social Security Administration (SSA) by causing significant operational issues, including long wait times and website crashes, which have particularly affected vulnerable groups like retirees and disabled Americans. Critics argue that staff cuts and proposed changes aimed at reducing fraud may be part of a broader agenda to privatize Social Security, raising concerns about the accessibility and effectiveness of benefits for millions. Musk claims that these efforts will ultimately enhance services and reduce federal spending, but skepticism remains regarding the impact on recipients.
Mark Cuban expressed his intent to significantly reduce the size of government, emphasizing that such cuts would inevitably involve substantial job losses. In a recent podcast, he criticized current methods of government reduction, advocating for a strategic approach rather than abrupt changes. Cuban also highlighted concerns over recent Social Security adjustments, labeling them as stealthy cuts to benefits.
Mark Cuban has expressed skepticism regarding Elon Musk's attention to the '5 things' DOGE productivity emails, suggesting that Musk may have simply forgotten about them. Cuban's remarks highlight a typical scenario in the ongoing discourse surrounding cryptocurrency and its influencers.
Elon Musk appears to have made a gesture of goodwill towards Mark Cuban, signaling a potential thaw in their relationship. This development could have implications for their respective ventures and the broader business landscape.
Elon Musk questioned why the U.S. can't afford healthcare, prompting Mark Cuban to highlight seven critical issues, including the lack of data ownership for companies and the influence of pharmacy benefit managers (PBMs) on drug pricing. Cuban proposed a direct-to-consumer pharmaceutical model through his company, Cost Plus Drugs, aiming to eliminate PBMs and enhance transparency in medication pricing.
Mark Cuban warned that Elon Musk is complicating Donald Trump's efforts to dismantle the federal government, stating Musk is indifferent to the political fallout. At a recent conference, Cuban praised Trump's sales skills while criticizing his execution and suggested Democrats improve their messaging to capitalize on Trump's challenges. He also noted that Musk's controversies could be a significant advantage for Democrats moving forward.
Mark Cuban
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bill gates warns average investors against risky bitcoin investments
14:15 07.05.2025
warren buffett steps down as ceo of berkshire hathaway succession plan in place
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