Warren Buffett’s charity dinner spurred the boss of an online-trading platform to embrace value investing

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  • Cryptocurrency entrepreneur Justin Sun paid $4.6 million for a charity dinner with Warren Buffett in January.
  • Sun hoped to convert Buffett into a Bitcoin fan, but instead one of his guests, eToro CEO Yoni Assia, embraced Buffett’s value-investing approach.
  • Assia read the definitive book on the subject written by Buffett’s mentor, hired a value-investing consultant, and became a bigger proponent of in-depth research and longer investment horizons, Bloomberg reported.
  • The boss of the social-trading platform also tweeted that value investing is a “hidden magic that reveals itself to you only after 20 years of making 15-20% and compounding it.”
  • Visit Business Insider’s homepage for more stories.

Cryptocurrency executive Justin Sun shelled out $4.6 million for a charity dinner with Warren Buffett in a vain attempt to convert the billionaire investor into a Bitcoin believer. Instead, one of his guests embraced Buffett’s signature value-investing strategy, Bloomberg reported on Friday.

After dining with the Berkshire Hathaway boss in January, eToro CEO Yoni Assia devoured “The Intelligent Investor,” the value-investing bible written by Buffett’s mentor, Benjamin Graham.

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The boss of the social-trading platform also recruited a value-investing consultant and told his team to spread the word about the power of in-depth research and longer investment timeframes.

“Warren Buffett’s value-investing strategy still rings true,” Assia wrote in a Twitter thread following the dinner. He described it as a “hidden magic that reveals itself to you only after 20 years of making 15-20% and compounding it.”

Assia didn’t immediately respond to a request for comment from Business Insider.

eToro, which boasts 15 million registered users and north