File image: IOL.

INTERNATIONAL - Who says you can't teach an old man new tricks? 

Warren Buffett, famous from shying away from risky tech investments, recently put down more than $600 million (R8.7 billion) for a stake in two financial technology (fintech) companies focused on emerging markets.

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FEARS OVER BITCOIN 

Earlier in the year, Buffett, said that cryptocurrencies will come to a bad ending. 

Buffett reportedly said, off the record, that there is no position in cryptocurrencies.

R44 BILLION LOSS 

In May this year, Buffett made headlines all over the world when he lost a reported R44 billion in just one week. Buffett’s wealth dropped $3.74 billion (R44 billion) in May as US stocks tumbled. Losses for the Berkshire Hathaway chairman topped those of Facebook Mark Zuckerberg, who is also lost $3.71 billion during that period.

But don't feel too bad for the billionaire, according to Forbes has a net worth of $84.5 billion. 

He has also given $35 billion towards charity and philanthropic endeavours, over his lifetime. 

BUSINESS REPORT/REUTERS