james22

By the time most Growth stocks have cash flow and earnings, the greatest opportunity is long past. It certainly has the unique quality of upsetting value investors like no other growth opportunity.

If it were easy to value, there'd be no opportunity. 1. One can look at the size of the gold market and assume a superior substitute will grow to at least equal that size. 2. One can look at the size of the ESG market and assume Blackrock can sell a superior product to at least equal that size. 3. One can look at digital/tech adoption curves and assume it'll grow to be worth more. 4. One can bet that 15 years of momentum won't end this year (of catalysts) and it'll return you more than your best idea. 5. One can bet that investor sentiment and enthusiasm in this space has room to run. Etc, etc. Again, the opportunity exists because it's not so easily recognized by traditional valuation tools. There's a reason Buffett missed all the great digital transformation companies. (You don't believe Value investing is easy just because you've the tools, do you?)

Likewise, don't be too seduced by how well others write or even their logic. Judge them instead by their record. Too easy to be impressed by Fama-French, DFA, Swedroe, Hussman, GMO, etc. otherwise.

I'm beginning to believe this is a form of value investor manifesting. Attempting to will something into being. "If you refuse to believe it, it won't come to pass."

61 You young guys are very, very lucky to have found this place so early.

Moar.

Can you end world hunger with an infinitely divisible single pizza?

$96,920/coin, $2,673/ounce, Girl With Balloon $25.4M

And I'm not trying to be rude, but I'm not going to answer this. 1. I just did, in response to Parsad. Did you not see that? 2. If I do, I'm seen as cheerleading, which bothers some. 3. If I do, you'll only have follow-up questions. 4. Because I'm bored AF by the same questions. (You'll see the answer to Parsad there several times.) 5. Because you'd read the Cryptocurrencies and MSTR threads if you really were interested. 5. Wrong thread.

Sure, the appropriate method differs by case. As a mature (adopted) source of energy, supply/demand (and growth of both) drives most oil valuation.

What's your definition of value? The method by which you determine something's future value? That seems a pretty minor point of differentiation from speculators and Growth investors who also believe they invest in things that will be worth more in the future than it is now.

Gold matured into its recognized "intrinsic" value long ago. Likewise silver, and why Buffett could believe some ratio had been established between the two. The work of living artists is speculated upon, the works of passed artists usually has a consensus-established "intrinsic" value. Bitcoin/crypto was speculative (you may believe it is still). But as (if) it manages to prove itself, it'll grow into its "intrinsic" value. I shouldn't take the bait, but . . . Purpose: protecting economic value Tangible: strongest computer network in the world

All investing is value investing. Most investments (bitcoin included) begin as speculative. Only as they prove themselves do they become Growth. And as they mature into their market and lose momentum they might become Value.

If we could return to the topic, this was what was suggested by the video. I've dealt with hundreds or thousands of investors from all shapes and sizes and once you get past a certain point there's so much stress that comes with the money and you feel like it's a responsibility and you're worried about heirs and family members . . . $10M is from my experience is about the Sweet Spot in terms of being able to be very happy with a large amount of money but not enough money where it's going to cause you other outside stresses.

Sixty, fourth year of retirement, entirely dependent upon portfolio for income: > 120%

LOL You'd know obnoxious. I only reply to bitcoin posts in threads other than the named. I didn't introduce it here. And investors should focus on making (eff you) money, not discussing businesses. They'll miss opportunities otherwise.

1996

Etc, etc.

Mommy, why does Daddy get upset if anyone mentions Bitcoin? Is it because we're poor?

The money is made during the adoption phase. And you'd have done very well investing in the gold ETFs once introduced. What other new asset class has been created in our lifetime? But fortunes have been made in other digital transformations: Amazon (commerce), Google (information), etc. Anyone familiar with the technology? And how stores of value, once locked-in, don't change.