james22 Posted January 31 Posted January 31 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 Posted January 31 Posted January 31 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 Posted January 31 Posted January 31 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 Posted January 31 Posted January 31 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 Posted February 1 Posted February 1 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 Posted February 1 Posted February 1 (edited) "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 February 1 by Blake Hampton
TwoCitiesCapital Posted February 1 Posted February 1 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 Posted February 1 Posted February 1 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 Posted February 1 Posted February 1 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
Dave86ch Posted February 1 Posted February 1 (edited) 10 hours ago, adesigar said: Ill take Da Vinci (Berkshire) over Banana taped to wall (crypto). I suggest you read some technical books, like those written by Antonopoulos, and you'll realize what an incredible masterpiece Bitcoin is. It takes decades of mathematical progress to reach the level of knowledge required to create such a tool, and the Lightning Network is another technical marvel. Nick Szabo, Bitcoin developer, year 2002, 6 years before genesis block. https://nakamotoinstitute.org/library/shelling-out/ Andreas Antonopoulos https://www.amazon.com/Mastering-Bitcoin-Programming-Open-Blockchain/dp/1491954388 https://www.amazon.com/Mastering-Lightning-Network-Blockchain-Protocol/dp/1492054860 Clearly, Buffett and Munger weren’t interested in understanding Bitcoin. We’ll never know if they were even capable of doing so ahead of time. What they did was criticize something they didn’t want to understand—and that was their mistake. Developing an invention takes a lot of work, discipline, and knowledge of dozens of inventors. Therefore, criticizing a tool like Bitcoin without studying it is simply a deplorable act. I’ll take them—the true Leonardos—over Buffett the investor. Edited February 1 by Dave86ch
Vish_ram Posted February 1 Posted February 1 3 hours ago, Dave86ch said: I suggest you read some technical books, like those written by Antonopoulos, and you'll realize what an incredible masterpiece Bitcoin is. It takes decades of mathematical progress to reach the level of knowledge required to create such a tool, and the Lightning Network is another technical marvel. Nick Szabo, Bitcoin developer, year 2002, 6 years before genesis block. https://nakamotoinstitute.org/library/shelling-out/ Andreas Antonopoulos https://www.amazon.com/Mastering-Bitcoin-Programming-Open-Blockchain/dp/1491954388 https://www.amazon.com/Mastering-Lightning-Network-Blockchain-Protocol/dp/1492054860 Clearly, Buffett and Munger weren’t interested in understanding Bitcoin. We’ll never know if they were even capable of doing so ahead of time. What they did was criticize something they didn’t want to understand—and that was their mistake. Developing an invention takes a lot of work, discipline, and knowledge of dozens of inventors. Therefore, criticizing a tool like Bitcoin without studying it is simply a deplorable act. I’ll take them—the true Leonardos—over Buffett the investor. Kudos for writing one of the best comment on this thread!
73 Reds Posted February 1 Posted February 1 28 minutes ago, Vish_ram said: Kudos for writing one of the best comment on this thread! Nothing precludes Buffett from buying BTC. My guess is he understands it better than anyone here on this board.
james22 Posted February 1 Posted February 1 45 minutes ago, 73 Reds said: Nothing precludes Buffett from buying BTC. My guess is he understands it better than anyone here on this board. Can Buffett create a rock so heavy he cannot lift?
Fly Posted February 1 Posted February 1 I don’t see why Buffett should buy BTC. His whole investing career has been finding undervalued companies through careful stock analysis and investing heavily into them. Bitcoin is way out of his area of expertise in terms of analyzing the investment. I wouldn’t ask a real estate investor which stock I should buy. I am not going to ask a stock investor which cryptocurrency I should buy.
wachtwoord Posted February 1 Posted February 1 On 1/30/2025 at 9:05 PM, Paarslaars said: Maybe good for us investors but bad for europeans who are stuck with this dinosaur... as if were not falling behind enough. Just those Europeans stuck in the EUSR And just as long as the monstrosity hasn't yet collapsed.
wachtwoord Posted February 1 Posted February 1 14 hours 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 Neither would I as then it would hold no value.
wachtwoord Posted February 1 Posted February 1 1 hour ago, 73 Reds said: Nothing precludes Buffett from buying BTC. My guess is he understands it better than anyone here on this board. Impossible or we would own it.
Paarslaars Posted February 1 Posted February 1 17 minutes ago, wachtwoord said: Just those Europeans stuck in the EUSR And just as long as the monstrosity hasn't yet collapsed. True I really don't own much EUR to be honest, most of it is in USD stocks or BTC.
73 Reds Posted February 1 Posted February 1 1 hour ago, Fly said: I don’t see why Buffett should buy BTC. His whole investing career has been finding undervalued companies through careful stock analysis and investing heavily into them. Bitcoin is way out of his area of expertise in terms of analyzing the investment. I wouldn’t ask a real estate investor which stock I should buy. I am not going to ask a stock investor which cryptocurrency I should buy. WB has understood and talked about the virtues of owning farmland (a singular example) for his entire investing life. Do folks here truly believe he is incapable of walking and chewing bubble gum at the same time? And upon last check, Berkshire was primarily composed of operating companies, not stocks. Just saying...
james22 Posted February 1 Posted February 1 30 minutes ago, 73 Reds said: Do folks here truly believe he is incapable of walking and chewing bubble gum at the same time? Do you truly believe there is nothing outside Buffett's circle of competence?
73 Reds Posted February 1 Posted February 1 (edited) 56 minutes ago, james22 said: Do you truly believe there is nothing outside Buffett's circle of competence? Do you believe he doesn't understand everything (anything) he comments on and doesn't buy? Edited February 1 by 73 Reds word
Paarslaars Posted February 1 Posted February 1 (edited) 5 minutes ago, Blake Hampton said: You people are part of a cult. And you are too young to waste your life on threads you disagree with. Go out, have some fun, find a nice girl or guy that keeps you away from the dangerous crypto folk. Edited February 1 by Paarslaars
Buckeye Posted February 1 Posted February 1 2 hours ago, wachtwoord said: Neither would I as then it would hold no value. So are you saying that if one were to own all of the bitcoin in the world, it would then become worthless?
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