... inflation and a weakening dollar, Bitcoin is increasingly seen as part of a diversified portfolio – a sort of “anti-dollar” asset complementing bond and stock classes. In conclusion: persistently high inflation, alongside mounting deficits and debt, compels investors to seek alternatives. Buffett warns that dollars printed by the government are highly vulnerable to devaluation. The limited algorithmic issuance of Bitcoin may, in theory, partially counter these risks. However, for now, cryptocurrency remains speculative, and its role as a full-fledged “safe haven” has yet to ...

... company. EV/EBITDA: A multiple often used to evaluate a company's profitability before considering taxes, depreciation, and debt load. It allows for comparison of companies within the same industry and assessment of their operational efficiency. Example: ... ... on transparency and efficiency within a tightly regulated environment, allowed it to attract private investors and leverage government support through Skolkovo programs, while also offering investment opportunities in the Russian market accounting for ...

... and oil prices (the key driver for currency revenues in Russia). Interest expenses are likely to remain high, given the tight monetary policy of the Central Bank of Russia; however, new sharp spikes are not expected unless the company increases its debt. Tax policy and regulatory risks. In the second half of the year, it is unlikely that the government will revert the exemptions akin to the increased MET (which Gazprom benefited from). Rather, attention will likely focus on maintaining stability in the domestic gas market: for example, further tax incentives to stimulate gasification or processing ...

... reliant on imported components are calculating the need to raise prices). Additionally, Buffett expressed concern about the state of U.S. public finances. He stated that the current fiscal policies and enormous budget deficits are genuinely alarming. Government debts are rising, and the country “operates on a deficit that cannot be sustained indefinitely.” This scenario risks accelerating inflation and undermining trust in the dollar in the future. Although Buffett does not engage in short-term predictions ...

... restrictions on American goods now, it would inevitably lead to a slowdown in the global economy. This would apply pressure on the currencies and securities of most developing countries. Among the most reliable options will be U.S. treasury bonds as well as government bonds of developed economies. Additionally, investments can be made in the debts of large enterprises. The strategy of selling assets in May and going on vacation until autumn remains relevant. This year is no exception. Therefore, logically, it makes sense to divest assets before early summer. From May through October, stocks ...