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Avoid ‘Evil’ Bitcoin and Stay Sane: Investing Wisdom from Buffett and Munger

Berkshire Hathaway held its first in-person annual meeting since 2019 and its longtime leaders held court on crypto, politics and the casino-like stock market.

Warren Buffett, chairman and chief executive officer of Berkshire Hathaway Inc., and Charlie Munger, vice chairman of Berkshire Hathaway Inc., during the company's annual meeting in Omaha, Nebraska, U.S., on Saturday, April 30, 2022. 

Warren Buffett, chairman and chief executive officer of Berkshire Hathaway Inc., and Charlie Munger, vice chairman of Berkshire Hathaway Inc., during the company's annual meeting in Omaha, Nebraska, U.S., on Saturday, April 30, 2022. 

Photographer: Dan Brouillette/Bloomberg

Warren Buffett has simple advice for investors as they stare down the worst inflation in decades: Invest in your own skills.

“The best investment by far is anything that develops yourself,” Buffett said at Berkshire Hathaway Inc.’s annual shareholder meeting in his hometown of Omaha, Nebraska, on Saturday, the first-time the famed finance event has been held in-person since 2019.  “If you’re the one they pick out to do any particular activity -- sing or play baseball or be their lawyer, whatever it may be -- whatever abilities you have can’t be taken away from you. They can’t actually be inflated away from you.”