Warren Buffett, the legendary chairman and CEO of Berkshire Hathaway (BRK.B) (BRK.A), has long been recognized for his disciplined approach to investing. The Oracle of Omaha is lauded for his ability to find value and not chase speculative trends. Rather than chasing the latest trend, he finds good businesses at the right price and goes all-in on a small handful of companies he believes in. Among these investing ideologies is investing solely in revenue and profit-producing businesses. This means he steers clear of gold (GLD) and Bitcoin (BTCUSD), even when they’re rallying to historic highs.
Among Buffett’s most pointed observations is his critique of gold as an investment vehicle:
