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Boston-Sean 05-16-2022 11:04 AM

Speaking of Pyramid Schemes
 
1 Attachment(s)
Quote:

Originally Posted by tvbound (Post 2095961)
"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:

manaboutown 05-16-2022 11:12 AM

Quote:

Originally Posted by Stu from NYC (Post 2095954)
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.

Stu from NYC 05-16-2022 12:05 PM

Quote:

Originally Posted by manaboutown (Post 2095981)
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.

manaboutown 05-16-2022 01:50 PM

Quote:

Originally Posted by Stu from NYC (Post 2095993)
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.

Stu from NYC 05-16-2022 02:32 PM

Quote:

Originally Posted by manaboutown (Post 2096017)
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.

ithos 05-17-2022 12:00 PM

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/
.
.

Boston-Sean 05-17-2022 01:13 PM

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.

Stu from NYC 05-17-2022 05:34 PM

Quote:

Originally Posted by Boston-Sean (Post 2096324)
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.

manaboutown 05-17-2022 06:21 PM

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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