Warren Buffett and Bitcoin

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  #91  
Old 05-16-2022, 11:04 AM
Boston-Sean Boston-Sean is offline
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Default Speaking of Pyramid Schemes

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Originally Posted by tvbound View Post
"As an investing guru he has done an incredible job for his stockholders."

And a lot of the hatred toward him, is because he has done it through smart, steady diversification for decades, versus the selfish "wanna get rich quick" schemers. Right now, as they watch their pyramid/Ponzi scheme take massive hits (with most likely more to come) - they really hate him. lol
Take a look in your wallet:
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  #92  
Old 05-16-2022, 11:12 AM
manaboutown manaboutown is online now
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Originally Posted by Stu from NYC View Post
As an investing guru he has done an incredible job for his stockholders.
It was just dumb luck but I bought a (very) few shares of BRK in the mid 1980s at about $3,000 per share. It is now of course BRK-A. I am as happy as a clam about that!

BRK was $375 per share in 1980. I find Buffett's investment record beyond amazing.
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  #93  
Old 05-16-2022, 12:05 PM
Stu from NYC Stu from NYC is offline
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Originally Posted by manaboutown View Post
It was just dumb luck but I bought a (very) few shares of BRK in the mid 1980s at about $3,000 per share. It is now of course BRK-A. I am as happy as a clam about that!

BRK was $375 per share in 1980. I find Buffett's investment record beyond amazing.
Read his book very interesting fellow.
  #94  
Old 05-16-2022, 01:50 PM
manaboutown manaboutown is online now
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Originally Posted by Stu from NYC View Post
Read his book very interesting fellow.
Do you mean "Warren Buffett's Ground Rules: Words of Wisdom from the Partnership Letters of the World's Greatest Investor'"?

I have several books on him in my library. "The Snowball" is my favorite.
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  #95  
Old 05-16-2022, 02:32 PM
Stu from NYC Stu from NYC is offline
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Originally Posted by manaboutown View Post
Do you mean "Warren Buffett's Ground Rules: Words of Wisdom from the Partnership Letters of the World's Greatest Investor'"?

I have several books on him in my library. "The Snowball" is my favorite.
The Snowball. Read it after it came out thinking it is worth rereading, hopefully the library will have it.
  #96  
Old 05-17-2022, 12:00 PM
ithos ithos is offline
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I wonder why Buffett did not mention Tether, Bitcoins Achilles heel.

Quote:
In an interview with the Financial Times last week, Tether executive Paolo Ardoino said revealing details about the group’s reserve management would give away the company’s “secret sauce”.
Investors pull $7bn from Tether as stablecoin jitters intensify | Financial Times

Quote:
According to Kaiko, 70 percent of bitcoin trading activity during the last three months was denominated in tether, with other stablecoins (primarily the dollar-denominated BUSD, FTXUSD and USDC) representing an additional 13 percent of overall bitcoin volumes.
Tether dominates bitcoin trading - New Money Review

One down. More to follow?
https://coinmarketcap.com/currencies/terrausd/
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Last edited by ithos; 05-17-2022 at 12:10 PM. Reason: add link
  #97  
Old 05-17-2022, 01:13 PM
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Oh how could I forget my favorite Buffetism.

One of his most famous holdings was Coke and the covered calls he wrote for years that made a ton of money.

As evidence of how bad sugar was piled up Buffet continued to insist Coke was a healthy product. "I drink a Cherry Coke with my dinner every night and I'm fine".

Meanwhile millions of Americans became obese and diabetic. Especially black Americans; while Buffet laughed all the way to the bank.

He's a swell guy all right.
  #98  
Old 05-17-2022, 05:34 PM
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Originally Posted by Boston-Sean View Post
Oh how could I forget my favorite Buffetism.

One of his most famous holdings was Coke and the covered calls he wrote for years that made a ton of money.

As evidence of how bad sugar was piled up Buffet continued to insist Coke was a healthy product. "I drink a Cherry Coke with my dinner every night and I'm fine".

Meanwhile millions of Americans became obese and diabetic. Especially black Americans; while Buffet laughed all the way to the bank.

He's a swell guy all right.
He satisfied a demand nobody was forced to drink it.
  #99  
Old 05-17-2022, 06:21 PM
manaboutown manaboutown is online now
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Warren eats breakfast from a McDonald's drive through.

"Warren Buffett, one of the world's wealthiest billionaires, eats the same breakfast every day. He stops by McDonald's on the way to his office and orders one of the three items – two sausage patties, egg, and cheese, or a bacon, egg, and cheese."

From: What frugal billionaire eats almost every breakfast at McDonald’s?

He does not drink alcohol or smoke tobacco products. In any case at age 91 he is still going strong.
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Last edited by manaboutown; 05-17-2022 at 06:57 PM.
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