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Warren Buffett: Don’t dump stocks on China or Ukraine and stay away from bitcoin

First things first, Omaha’s most famous oracle said he expects stocks and dividends to continue to rise and that the U.S. economy will likely continue to grow in 2014, albeit while maintaining what has been a pretty slow trajectory and he cautioned against kneejerk selling of stocks on turmoil in Ukraine or concerns over China. Read: Warren Buffet tells heirs to put his estate in index funds.
Asked if fears over the situation in Ukraine were warranted, Buffett replied: “Well, I don’t know whether they’re not warranted in terms of the market. I mean, I didn’t sell my farm yesterday with it. I didn’t sell my property down near [New York University], so why should I sell my businesses?”
Buffett also said he would steer clear of bitcoin. Buffett said the cryptocurrency is an effective way to transfer money, but so is a paper check.

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