How to Money · Friday, July 10, 2026
Warren Buffett has expressed strong skepticism towards speculative investments, famously calling cryptocurrencies "rat poison squared." He advises against chasing fads like meme stocks or crypto, emphasizing the importance of value investing and avoiding shortcuts in the market. The podcast hosts echo this sentiment, suggesting listeners allocate no more than five percent of their portfolio to such speculative assets.
“And by the way, if you're wondering what Buffet's thoughts were on crypto, here's our first quote of the day. He said that they were basically rat poison squared.”
“You never know who's swimming naked until the tide goes out.”
“But even still it can be difficult to know which of these companies to pick. So, like you said, he recommends is that, like, yeah, I'm readily admitting that this is all very difficult to do. Instead, basically, bet on the American economy.”