Cryptocurrencies

[james22]

3 minutes ago, 73 Reds said:

And last I checked AMZN is hardly a tech company . . .

 

Amazon digitized retail. At the time of its greatest growth, it was a tech company.

[73 Reds]

1 minute ago, james22 said:

 

I didn't miss Monster or any number of other-than-tech investments, no. That's forgivable.

 

But I did miss tech from 2010 to 2020. That's not.

 

There's no excuse for missing what should have been obvious at the time.

 

After one company digitizes something, every company after that that doing something similar and "crosses the chasm," should have been a no-brainer.

Nah, who are you (or anyone) to say anything is inexcusable?  He wouldn't roll over in bed for everything you own yet he gets criticized by you for missing something?  A little context might just be in order.

[james22]

3 minutes ago, 73 Reds said:

A little context might just be in order.

 

The Value investor's process oft misses Growth investing opportunities. And vice-versa.

 

Do you disagree? Do you believe Buffett's process is exempt?

 

 

 

[73 Reds]

1 minute ago, james22 said:

 

The Value investor's process oft misses Growth investing opportunities. And vice-versa.

 

Do you disagree? Do you believe Buffett's process is exempt?

 

 

 

Personally, I don't differentiate between value and growth.  Prospective investments should have elements of both.

[adesigar]

6 hours ago, SharperDingaan said:

All recognise that WEB/Munger were very good, but they made their money way back in the last century in the rebuilding after the devastation of WWII; and thereafter have compounded that success over decades. And as time has moved on, their market risk has progressively declined, as evidenced via the growing pile of treasuries. Masters at work; but much like a Leonardo Da Vinci, masters from a different time.

 

Today's world of advanced technology is an industrial revolution, that is rebuilding much of what was there before (ie: tech vs bomb devastation). Hence, many of the old metrics just aren't as effective anymore.

 

The problem is that if history often rhymes; 2029 is 4-years from now, and the end of the Trump 2.0 term. The Great Crash was 1929, the decade leading up to it was the 'Gatsby' era, and the fallout laid the economic ground work that contributed to WWII a decade later.  

 

SD

 

 

 

 

Ill take Da Vinci (Berkshire) over Banana taped to wall (crypto).

[Blake Hampton]

"If you told me you owned all the bitcoin in the world and you offered it to me for $25, I wouldn't take it."

- Warren Buffett

 

"Bitcoin is worthless, artificial gold."

- Charlie Munger

 

“As an asset class, you’re not producing anything and so you shouldn’t expect it to go up. It’s kind of a pure ‘greater fool theory' type of investment.”

- Bill Gates

 

Edited 8 hours ago by Blake Hampton

[TwoCitiesCapital]

54 minutes ago, Blake Hampton said:

"If you told me you owned all the bitcoin in the world and you offered it to me for $25, I wouldn't take it."

- Warren Buffett

 

I mean - given that the market cap is nearing $2 trillion, this just silly. I'd take $2 trillion or assets for $25 any day - regardless of the quality - because $25 is so little to gamble and there is so much to gain! 

 

54 minutes ago, Blake Hampton said:

" an asset class, you’re not producing anything and so you shouldn’t expect it to go up. It’s kind of a pure ‘greater fool theory' type of investment.”

- Bill Gates

 

 

This is a weird way to look at it. It supposes all commodities arent worth anything and yet all have prices associated with them.... And are valuable long before they're outputs that generate a cash flow for a firm using the. As an input. 

[Malmqky]

1 hour ago, Blake Hampton said:

"If you told me you owned all the bitcoin in the world and you offered it to me for $25, I wouldn't take it."

- Warren Buffett

 

"Bitcoin is worthless, artificial gold."

- Charlie Munger

 

“As an asset class, you’re not producing anything and so you shouldn’t expect it to go up. It’s kind of a pure ‘greater fool theory' type of investment.”

- Bill Gates

 

 

“The problem with commodities is that you are betting on what someone else would pay for them in six months. The commodity itself isn’t going to do anything for you….it is an entirely different game to buy a lump of something and hope that somebody else pays you more for that lump two years from now than it is to buy something that you expect to produce income for you over time.”

 

- Warren Buffett

[SharperDingaan]

4 hours ago, adesigar said:

 

Ill take Da Vinci (Berkshire) over Banana taped to wall (crypto).

 

The 'art' of the Banana was in getting someone to pony up something truly stupid for it.

The chutzpah of that bastard!  

 

SD

 

 

 

[james22]