Bitcoin Surpasses $60,000 In Record High As Rally Accelerates

Bitcoin crossed a record high of $60,000 on Saturday morning, continuing its rally as major companies and financial institutions adopt cryptocurrencies.

Bitcoin, the world’s biggest cryptocurrency, was at $60,415.34 as of 7:25 a.m. ET, according to Coinbase, recovering from a dip at the end of February that followed a previous record high that month.

The digital currency is up 963% over the last 12 months, according to Coinbase. Its value surpassed $1 trillion last week for the second time this year. Read more…..

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In this Video Buffett explains his way of reading the annual reports. His emphasis is on not making the investment decisions too complicated. He mentions his decision of buying Petro-China. Charlie Munger insists that their Due Diligence expense is low because they don’t have to pay accountants big sums of money to come up with investments decisions.

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