Andreessen Calls Buffett An “Old White Guy Who Doesn’t Get Technology”

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Mark Melin
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After being the target of activist hedge fund manager’s Carl Icahn’s wrath, Marc Andreessen went after legendary investor Warren Buffett, referring to the “Oracle of Omaha” as an “old white man” who doesn’t understand technology. Buffett calls Bitcoin a “mirage” At issue are Buffett’s comments regarding Bitcoin, of which Andreessen is a staunch supporter.  When asked at a Bitcoin conference what he thought of Buffett saying Bitcoin was a “mirage,” Andreessen responded: “The historical track record of old white men who don’t understand technology crapping on technology, I think, is 100%.” Andreessen has made nearly $50 million in investments in Bitcoin for Andreessen Horowitz, the…

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Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.