gfp Posted 4 hours ago Author Share Posted 4 hours ago It's not a good idea to be 100% sure of anything. It helps to think in probabilities and keep an open mind. I started my "investment" career doing all kinds of non-Buffett-Munger things. I paid my bills for years with iron condor premiums on the cash settled SPX and OEX. I used to buy commodities! Little lumps of minerals that just sat there doing nothing! We are all big boys and girls here on this forum. We can think for ourselves and make our own decisions. We can roll our eyes or whatever. This isn't a widows and orphans forum. Should I nuke the thread? It says I can nuke the thread Link to comment Share on other sites More sharing options...
John Hjorth Posted 4 hours ago Share Posted 4 hours ago 3 minutes ago, Luke said: I have laid out my argument and strongly disagree: If even highly intelligent and good investors like Li Lu only respond to bitcoin by saying "i dont understand it well enough" then that is problematic because it can give unknowing citizens the impression that the ones who own it and spread the news are very smart and this is a good thing to buy. THAT is not constructive for the investment world and dangerous too. ... @Luke, You gotta be kidding me here, right? Again, who are you, where you're employed right now, to serve who, and with which goals and watermarks, to calculate your bonus compensation just after year end!?, right? One of the eternal topics surfacing in my own personal household is the Lady of House going off-the-rails when somebody [typically over the Internet], has been embezzeled other somebody for some money, to which I ask : 'What has that to do with us?' Then : <No answer> - just silence. The first thing one learns in the education of becoming an advisor actually is : 'You simply can't fix everything.' I don't know anything about Li Lu, and honestly, what he's done etc. does not matter one whit to me. I simply don't care about it. Performance [net] is what it is. Link to comment Share on other sites More sharing options...
backtothebeach Posted 4 hours ago Share Posted 4 hours ago (edited) 13 minutes ago, gfp said: Should I nuke the thread? It says I can nuke the thread I'd say nuke the sh!t out of it, but there is some good posts on the first few pages. Maybe start a new one: Second Trump presidency winners and losers - no cripto Edited 4 hours ago by backtothebeach Link to comment Share on other sites More sharing options...
vakilkp Posted 4 hours ago Share Posted 4 hours ago 11 minutes ago, gfp said: It's not a good idea to be 100% sure of anything. It helps to think in probabilities and keep an open mind. I started my "investment" career doing all kinds of non-Buffett-Munger things. I paid my bills for years with iron condor premiums on the cash settled SPX and OEX. I used to buy commodities! Little lumps of minerals that just sat there doing nothing! We are all big boys and girls here on this forum. We can think for ourselves and make our own decisions. We can roll our eyes or whatever. This isn't a widows and orphans forum. Should I nuke the thread? It says I can nuke the thread Nuke Link to comment Share on other sites More sharing options...
Xerxes Posted 4 hours ago Share Posted 4 hours ago Link to comment Share on other sites More sharing options...
Luke Posted 4 hours ago Share Posted 4 hours ago 36 minutes ago, gfp said: It's not a good idea to be 100% sure of anything. It helps to think in probabilities and keep an open mind. I started my "investment" career doing all kinds of non-Buffett-Munger things. I paid my bills for years with iron condor premiums on the cash settled SPX and OEX. I used to buy commodities! Little lumps of minerals that just sat there doing nothing! We are all big boys and girls here on this forum. We can think for ourselves and make our own decisions. We can roll our eyes or whatever. This isn't a widows and orphans forum. Should I nuke the thread? It says I can nuke the thread Dont nuke the thread, the board should be open to discuss this and Crypto apparently is the no.1 trump trade right now looking at coinmarketcap and all these coins doing 100% in a couple of weeks Link to comment Share on other sites More sharing options...
cubsfan Posted 4 hours ago Share Posted 4 hours ago 51 minutes ago, gfp said: It's not a good idea to be 100% sure of anything. It helps to think in probabilities and keep an open mind. I started my "investment" career doing all kinds of non-Buffett-Munger things. I paid my bills for years with iron condor premiums on the cash settled SPX and OEX. I used to buy commodities! Little lumps of minerals that just sat there doing nothing! We are all big boys and girls here on this forum. We can think for ourselves and make our own decisions. We can roll our eyes or whatever. This isn't a widows and orphans forum. Should I nuke the thread? It says I can nuke the thread Bombs away! Link to comment Share on other sites More sharing options...
RichardGibbons Posted 3 hours ago Share Posted 3 hours ago The funny thing about this thread is that Buckeye spent so much time trying to discredit bitcoin and the people who promoted it, and in the end, his Socratic method apparently just came down to: "I like stocks and don't like bitcoin, so bitcoin is a scam." Link to comment Share on other sites More sharing options...
james22 Posted 3 hours ago Share Posted 3 hours ago 5 hours ago, John Hjorth said: James [ @james22 ], Take it easy. Over the years [- now actually many years!, James], I've always enjoyed reading your posts here on CoBF. And I still do, while I'm personally not able to comprehend your posts about cryptocurrencies. And that's on me, not you. I appreciate it, John, thank you. And likewise, of course. Link to comment Share on other sites More sharing options...
james22 Posted 3 hours ago Share Posted 3 hours ago I say leave it open. If only so I can say "I fucking told you so!" next year. Link to comment Share on other sites More sharing options...
cubsfan Posted 3 hours ago Share Posted 3 hours ago 14 minutes ago, james22 said: I say leave it open. If only so I can say "I fucking told you so!" next year. Hahaha! Link to comment Share on other sites More sharing options...
gfp Posted 3 hours ago Author Share Posted 3 hours ago 18 minutes ago, james22 said: I say leave it open. If only so I can say "I fucking told you so!" next year. Ha! I was sort of hesitant because the $1.2m one-day move in a private retirement account is pretty legendary and then not only does it not give it back there's another +5% day or whatever it was. Link to comment Share on other sites More sharing options...
Luke Posted 2 hours ago Share Posted 2 hours ago 1 hour ago, John Hjorth said: @Luke, You gotta be kidding me here, right? Again, who are you, where you're employed right now, to serve who, and with which goals and watermarks, to calculate your bonus compensation just after year end!?, right? One of the eternal topics surfacing in my own personal household is the Lady of House going off-the-rails when somebody [typically over the Internet], has been embezzeled other somebody for some money, to which I ask : 'What has that to do with us?' Then : <No answer> - just silence. The first thing one learns in the education of becoming an advisor actually is : 'You simply can't fix everything.' I don't know anything about Li Lu, and honestly, what he's done etc. does not matter one whit to me. I simply don't care about it. Performance [net] is what it is. I don't understand the entire text you sent and what you mean by it. Could you just write what you mean instead of analogies on top of analogies where readers have to interpret some meaning into this? Link to comment Share on other sites More sharing options...
Buckeye Posted 2 hours ago Share Posted 2 hours ago 1 hour ago, RichardGibbons said: The funny thing about this thread is that Buckeye spent so much time trying to discredit bitcoin and the people who promoted it, and in the end, his Socratic method apparently just came down to: "I like stocks and don't like bitcoin, so bitcoin is a scam." That is hilarious Richard. Thank you! Link to comment Share on other sites More sharing options...
Buckeye Posted 2 hours ago Share Posted 2 hours ago 2 hours ago, gfp said: It's not a good idea to be 100% sure of anything. It helps to think in probabilities and keep an open mind. I started my "investment" career doing all kinds of non-Buffett-Munger things. I paid my bills for years with iron condor premiums on the cash settled SPX and OEX. I used to buy commodities! Little lumps of minerals that just sat there doing nothing! We are all big boys and girls here on this forum. We can think for ourselves and make our own decisions. We can roll our eyes or whatever. This isn't a widows and orphans forum. Should I nuke the thread? It says I can nuke the thread Thank you for your thoughtful reply Gfp. You have made some good points here that I need to better consider. I appreciate you helping me out. Link to comment Share on other sites More sharing options...
james22 Posted 1 hour ago Share Posted 1 hour ago 28 minutes ago, Buckeye said: Thank you for your thoughtful reply Gfp. You have made some good points here that I need to better consider. I appreciate you helping me out. On the off-chance you are sincere . . . And setting aside the insanity of believing me getting anyone here to buy bitcoin would somehow register in my wallet . . . Your blinding assumption that bitcoin has no intrinsic value is your error, Buckeye. It is what leads you to believe there can be no real argument for its adoption. You think me a snake oil salesman because snake oil can only be sold by snake oil salesman. But I'm not promising investment returns to the unsophisticated (or holding a gun to anyone's head). I'm making the argument that bitcoin has value. And so it'll naturally be adopted as understanding of that value grows (and invest returns will follow from that). You think any of these technologies needed to be "sold"? You needn't "sell" a better mousetrap. The world will beat a path to your door. Understand the bitcoin network is a real thing: Link to comment Share on other sites More sharing options...
Buckeye Posted 1 hour ago Share Posted 1 hour ago (edited) James, I was and am completely sincere. Thank you for coming back to the thread. And sorry to all the other board members for really gumming up this thread. Although Bitcoin has clearly been the best Trump trade of them all, so far, I probably should have taken it over to the Crypto thread. I understand that I have my biases and I also understand that these biases may be incorrect. To answer your question, yes I think all of those those technologies had to be sold. Isn't that what GE, Apple, Ford, Microsoft, Boeing all did? But I see money coming in and products going out. I don't see that with Bitcoin. Ok to try to wrap up on a positive note...Price is what you pay and value is what you get, is what Warren has taught us. Right now Bitcoin is $88k. What is it worth, in your opinion? Edited 9 minutes ago by Buckeye Link to comment Share on other sites More sharing options...
John Hjorth Posted 1 hour ago Share Posted 1 hour ago 2 hours ago, james22 said: I say leave it open. If only so I can say "I fucking told you so!" next year. James [ @james22 ], You're killing us! - It's all about marketing! Link to comment Share on other sites More sharing options...
Buckeye Posted 26 minutes ago Share Posted 26 minutes ago 3 hours ago, james22 said: I say leave it open. If only so I can say "I fucking told you so!" next year. Link to comment Share on other sites More sharing options...
Xerxes Posted 9 minutes ago Share Posted 9 minutes ago Here is a topic that is actually related to Trump trade: about the new cowboy in charge of national security. Dude’ wife is VP at TC Energy. Don’t know what it means for that name or South Bow. But just thought about posting. https://www.cbc.ca/amp/1.7380755 His other Canadian connection: pipeline business His wife, Julia Nesheiwat, is a vice president for Calgary-based TC Energy Corp.; it's the energy company formerly known as TransCanada, builder of the ill-fated Keystone XL oil pipeline. Link to comment Share on other sites More sharing options...
Xerxes Posted 2 minutes ago Share Posted 2 minutes ago 3 hours ago, gfp said: Ha! I was sort of hesitant because the $1.2m one-day move in a private retirement account is pretty legendary and then not only does it not give it back there's another +5% day or whatever it was. well done @james22 happy it worked out for you. Link to comment Share on other sites More sharing options...
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