/biz/ - Business & Finance

We always live in an uncertain world. What is certain is that the United States will go forward over time

Nothing can stop America when you get right down to it. Never bet against America

It’s far better to buy a wonderful company at a fair price, than a fair company at a wonderful price

Time is the friend of the wonderful company, the enemy of the mediocre

I never have an opinion about the market because it wouldn’t be any good and it might interfere with the opinions we have that are good

Time in the market beats timing the market

Tfw warren Buffett is right

Hahah did you guys really fall for the cryptocurrency scam?

The name itself should have raised red flags amongst those of you with any self awareness. Currency/money is defined as having three characteristics, a) a unit of accounts (yet everyone counts their crypto in dollars), b) a medium of exchange (pretty sure nobody uses crypto to buy anything) and c) a preserver of value (goes up 10x or down 90% in a year).

So if it’s not currency/money then what is it? Well it is a speculative asset, but cryptospeculativeasset doesn’t have the same ring to it. But even then let’s break it down further. Let’s of things are speculative assets, for example bonds, stocks, real estate, art, derivatives. There is nothing wrong with being a speculative assets. But most speculative assets have some sort of fundamentals: stocks have earnings and dividends, even perceived overvalued stocks like amazon generate tremendous cash flow from working capital ($20 billion a year); bonds have interest and coupons and real estate generate rent; even commodities like oil, steel and pork bellies which are driven by pure supply and demand with no cash flows are subject real fundamental usage and supply changes (such as bad weather creating a poor harvest, or suddenly people buying more cars thus using more oil).

So what is crypto? It is a speculative asset where supply and demand is not based on usage, but pure supply and demand by the investor, there are other assets like this such as art, collectibles, vintage cars. But even those things have scarcity. After all there is only so many Picasso’s and limited production Ferraris. While anyone can build a crypto, there is essentially no difference in the underlying technology except for the scale of adoption. The marginal cost of creating a new crypto is zero.

Who actually hoard these internet Monopoly money beside worthless broke meets?

What is it about crypto that attracts so many retards and losers?

*sips coke*

Told you

>>10800108

it usually takes a few hours for the information to flow through to markets, just give it time

>>10756932

*sip* still haven't learned your lesson

Hahah did you guys really fall for the cryptocurrency scam?

The name itself should have raised red flags amongst those of you with any self awareness. Currency/money is defined as having three characteristics, a) a unit of accounts (yet everyone counts their crypto in dollars), b) a medium of exchange (pretty sure nobody uses crypto to buy anything) and c) a preserver of value (goes up 10x or down 90% in a year).

So if it’s not currency/money then what is it? Well it is a speculative asset, but cryptospeculativeasset doesn’t have the same ring to it. But even then let’s break it down further. Let’s of things are speculative assets, for example bonds, stocks, real estate, art, derivatives. There is nothing wrong with being a speculative assets. But most speculative assets have some sort of fundamentals to them: stocks have earnings and dividends, even perceived overvalued stocks like amazon generate tremendous cash flow from working capital ($20 billion a year); bonds have interest and coupons and real estate generate rent; even commodities like oil, steel and pork bellies which are driven by pure supply and demand with no cash flows are subject real fundamental usage and supply changes (such as bad weather creating a poor harvest, or suddenly people buying more cars thus using more oil).

So what is crypto? It is a speculative asset where supply and demand is not based on usage, but pure supply and demand by the investor, there are other assets like this such as art, collectibles, vintage cars. But even those things have scarcity. After all there is only so many Picasso’s and limited production Ferraris. While anyone can build a crypto, there is essentially no difference in the underlying technology except for the scale of adoption. The marginal cost of creating a new crypto is zero.

Why did you not heed the warnings of the real oracle l?

>>10676176

By owning real businesses and property and not rat poison squared

>>10642248

>being a proud rat poison drinker
absolute cringe

Is it time to go all in on Berkshire Hathaway?

>>10640044

trying stop drinking rat poison, kid

Any comfy brk.a/b holders?

Rat poison squared

dying from the rat poison, keep sipping

why are people so excited about public blockchain token? It is just a distributed database, it is a method like TCP/IP. There is no trillion dollar TCP/IP company today based on people speculating on packets. What matters at the end of the day is customers and products, and companies will just use their own private blockchain solutions for their own needs. There is ZERO value in public blockchains and thus their tokens.

It’s not sugar water, it’s rat poison. Here you guys go again

>>10607463

That only applies to valuable things like real estate/farm land, companies and sometimes bonds not tulips, beanie babies and crypto

All you had to do was listen

>>10605662

>drinks rat poison
>surprised he ends up dead

>>10606488

That was just the sugar water mixed with the rat poison

>>10606295

It was always rat poison, just took some time to kick in and you thought it was sugar water