/biz/ - Business & Finance

>>19973041
You learn your lesson stop gambling.
Daily reminder that crypto is a scam.

You can't beat the market in the long run.
Index funds are your friends.

>>19970348
>Challenge top hedge fund that you can beat them in a 10 year time horizon.
>Bet $1M
>Put money on index fund and chill.
>Hedge fund concedes defeat almost 2 years before the deadline.
>Win $1M bet + investment returns.
Imagine wasting your life and your money gambling on digital tulips.

> Be the GOAT investor.
> Bet $1M against top hedge fund that he can get better returns over a period of 10 years.
> Put money on index fund and chill.
> Hedge fund concedes defeat 2 YEARS BEFORE THE DEADLINE.
> Collect $1M + all the sweet passive index fund returns.
> Leave clear instructions to handle his money after he dies:
> "My money, I should add, is where my mouth is: What I advise here is essentially identical to certain instructions I’ve laid out in my will. One bequest provides that cash will be delivered to a trustee for my wife’s benefit. (I have to use cash for individual bequests, because all of my Berkshire shares will be fully distributed to certain philanthropic organizations over the ten years following the closing of my estate.) My advice to the trustee could not be more simple: Put 10% of the cash in short-term government bonds and 90% in a very low-cost S&P500 index fund. (I suggest Vanguard’s.) I believe the trust’s long-term results from this policy will be superior to those attained by most investors – whether pension funds, institutions or individuals – who employ high-fee managers.
https://www.berkshirehathaway.com/letters/2013ltr.pdf

So /biz/ why are you still wasting your life looking at candle charts and losing money on crypto memes?