Quote:
Originally Posted by collie1228
Buffet has always invested under the mantle of (rough quote) "if you don't understand it, don't invest in it". I've always followed that advice, and have no regrets. I have researched bitcoin and other crypto currencies, and simply do not understand how high speed powerful computers doing calculations to solve complex math problems creates any value. It just doesn't make any sense to me, so I avoid crypto completely. Great products, dividends and strong balance sheets I understand. Call me old fashioned.
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That's perfectly reasonable.
It's the people who go out of their way to scream about how awful bitcoin is like on this thread that I have a problem with. Especially when most don't understand it.
Buffet famously didn't buy Apple for decades. Until he did. Thankfully I ignored him on that as well.