/biz/ - Business & Finance

>>12328976
Just stick to crypto, kid.

>>12328976
He didn't buy at the top. He's still in the green. But yeah, he's getting rekt this past year.

when is this faggot going to die

Is Buffett even capable of feeling justed? Does he even get pink?

>>12328976
He's not rekt yet. He bought at an average price of 110 I believe, but considering he kept buying throughout the years (and mid 2018) it wouldn't surprise me if his new average ~130.
Still kind of shocked that this old fart didn't see the potential in Apple back in 2010 or something, sure he's old and doesn't understand tech (which he himself said).. but his brain should still have seen the huge long term profits

>>12328976
>>12328991
>>12329004
>>12329007
>>12329118
>>12329169
What if he is the one who is selling?

>>12329173

i hate this smug fossil

>>12329169
He saw the potential but the price wasn't right. This nigga buys cheap cash flow for a living. Apple is still generating 80B/yr at 560B enterprise value. Cheap as fuck, he probably bought more.

>>12329173
>>12329184
c'est pas moi! je suis occupe

>>12328976
warren buffet is a moron... he had connections to get money to invest... then there was a couple of decades of boom.. everything went up 100% every year.. the guy is a moron........ after the boom stopped he hasnt made shit.. only makes dumb trades like buying apple ath, buying imb.. etc... i fucking own that guy at trading.. he bought my apples bags

The only thing i dislike about Warren, is his personal relationship with money. Some of you may know that he live in a normal house (not a mansion), and he don't own any fancy car.. but if you look at some of the documentaries about him, it goes way beyond this, he goes to McDonalds and buy some coffee, cheeseburgers etc. But always goes for the cheapest option. He wear old clothes, never any new or brand..
He has this weird obsession with money, he actually takes pride in his spartan life style, as if it was some kind of achievement, which was universally respected ( idon't respect it, i think it is disgusting).

Seriously, if anyone wants to kill Warren Buffet, here is how you do it: Exchange a 100$ bill to 10 cent coins, distribute them in a path where he is known to walk, He is not gonna give a shit about his 30 billion $ net worth, he is gonna bend down over and over again, until his frail body gives in.

What a disgusting being that Buffet Character is..

>>12329248
sounds like biz

>>12329258
Fuck you Warren, you're not tricking me into giving you 100 bucks.

>>12329258
>take pride in his spartan lifestyle
I think hes just trying to troll poorfags.

>>12329258
Honestly I can understand and respect that. Except going to McDonalds, that shit is disgusting and way too expensive, better cook your own food.

>>12329284
god dammit, I spend the last month collecting empty bottles from dumpsters and filling them with sand so i could create my own home-gym, in order to workout my back so i could handle the "penny-load" what now?
Do i shill "the penny scheme" on Reddit?

>>12329284
Kek

>>12329263
I made money in 2017 with crypto . I am a crypto genius.

>>12329258
>Look at me, I'm so humble. Not like those other arrogant rich people.
Going out of your way to act like a poorfag is just a different form of arrogance.

>>12329258
These rich guys are genuinely autistic about money in one way or another.
Either they never learn to use it because they're so fucking cheap or they're constantly paranoid about losing it.
I watched a documentary filmed by the rich kid from the Johnson & Johnson pharma family. It's called The One Percent.
His family didn't want the documentary made and were constantly against it.
Actually they all seemed pretty paranoid and autistic about wealth.
Buffet's adopted granddaughter showed up in the film and Buffet instantly sent her a letter of threatening to disown her. I think he went through with that in the end.
Many of these rich folks aren't healthy in the head.

>>12329258
>>12329284
Fucking kek

>>12329416
>Many of these rich folks aren't healthy in the head.
Because showing off inherited wealth or buying useless shit should be considered "healthy" ?

>>12329173
His assets are public knowledge. He uses Berkshire Hathaway as his investment vehicle. So no.

>>12329416
>Many of these rich folks aren't healthy in the head

I have got a huge chance to be rich

>>12329258
>The only thing i dislike about Warren, is his personal relationship with money. Some of you may know that he live in a normal house (not a mansion)
>$11 million dollar home
>Normal
K

>>12329477
Wasn't that his holiday house that he sold ?

>>12328976
https://www.youtube.com/watch?v=9350a8oYvac

>>12329258
It's unironically a mental hangup for most people who grew up poor

>>12329477
Saw that house convinced its only valued at $11 mill because its Buffets home.

>>12329258
Fucking kek warren is truly based as shit

One of the richest guys on the planet and he’s eating with peasants at mcdonalds?

Just picture yourself behind the register and warren walks up, id kms on the spot kek

Buffet is one of the best trolls on the planet

Of course the hedonist plebs in this thread, who would actually need to compete to become multi-billionaires, instead of just doing it because it comes natural, don't understand why some guy that's not necessarily competitive, but simply wins because it's that easy for him, doesn't want to put up some aura of elitism. (I have no idea about how he actually ticks, nor have I read anything about him... but this is immediately the image you get when going through this thread.)

>>12329416
Oh no, he has integrity and actually disowned the adopted granddaughter he cared for, with her then not returning the favour, but breaking the trust for reasons of fleeting personal fame. How unright in the head he must be. When in reality it simply shows that he's not a fucking pushover even if he isn't elitist. And that he cares for his own privacy. Retard.

>>12329477
His home is also his work place.. with +10 employees.
When he lay down in bed at night and close his eyes, he can hear his wife moaning as she take a shit in the toilet next to their bedroom, because there is nothing but paper walls (saving money where you can).. Jesus Christ, buy some noise absorbing walls, you are one of the richest guy on the planet, no one is gonna think worse of you if you doesn't try to sleep through an old lady loudly shitting.!? like wtf Warren!?

>>12329548
Hey Warren that other Anon already outed you. IP hopping won't fool us.

>>12329510
Is that relevant? Does owning an $11M holiday home aside from your "regular" home make it more normal? I'd say less.

The megamillions jackpot winner moved next door to him so there is nothing fucking normal about his living accommodations

>>12329526
i still remember this jumpscare from 10 years ago
no way I'm clicking dat shit

>>12329573
It really depends how much he bought it. My grandad bought a seaside condo for next to nothing 50 years ago. Now it's worth 2 millions.

>>12329442
When you have so much money that you couldn't use half of it even if you tried, refusing to drop an extra 5$ on a shirt doesn't make any sense whatsoever. It's like if I just pointed out that some guy is morbidly obese and you countered that with "Well it's not healthy to be anorexic either!"
You don't have to flaunt anything, but there's a difference between frugality and being autistic about money. This behavior can often be seen with old people who grew up in extreme poverty and had to save absolutely everything they could.
Also instantly going apeshit about your relative appearing in a documentary about the 1% and disowning her on the spot is just fucking crazy.
That's just flat out paranoid levels of trying to protect the privacy of the wealthy.

>>12329548
No big personal info was revealed.
It's was an extreme overreaction by a paranoid man who probably thinks that peasants are going to raid his home if someone gets even the smallest glimpse to is life.

>>12329548
>Warren cope

>>12329605
>refusing to drop an extra 5$ on a shirt doesn't make any sense whatsoever.
Yet dropping 500$ on a shirt because it has a brand is supposed to make sense ?
>Also instantly going apeshit about your relative appearing in a documentary about the 1% and disowning her on the spot is just fucking crazy.
No. It's not even a matter of peasants raiding your home or some shit, everyone knows he's Warren Buffet and where he lives. It's simply a matter of personal decency. You want to flaunt money, earn it yourself.

>>12329565
I've never seen someone use "lay" correctly online until now. You probably aren't American

>>12328976
>>12329004
LMAO the rate of return if you bought BTC when it was pennies in the last 10 years is higher than the 50 years that Buffet has been trading. One example of this is Trace Mayer. Go fuck yourself Buffet, missed the dotcom, and will miss this one too.

>>12328976
Smartphones are a bigger bubble than bitcoin

Buffet is so cheap because hes competing to be the richest man in the world. Is it really different to how niggas compete to be the best basketball players? Its all a game to them

>>12329598
He bought it for $58k in 1958. He bought the laguana beach house for 150k in 1971.
Those were astronomical prices in those times.
The point is owning a beach home in itself is not an average or normal lifestyle.
My family is fairly well off and own a cottage but no 7.8 million dollar beach home, which is what it sold for.

Inside the home:
https://www.cnbc.com/video/2017/06/01/inside-warren-buffetts-11m-laguna-beach-house.html

>>12329721
>Warren Buffet pretending to use hip lingo

Cringe. Warren just stop.

>>12329258

>I hate people who live frugal lifestyles!
>but I also hate people who flaunt wealth everywhere!
>I only like people like me!

I think you have a problem.

>>12329660

I just pointed out to you the foolishness of an extreme example with that fat/anorexic person analogy and you didn't get it.
>Yeah he has to buy 500$ Armani shirts, right?!!
No.
What I'm saying is that this guy buys the cheapest shit possible.
You can bet your ass that he's going to find the cheapest sale shirt he can. He's not going to grab something that's 45 bucks. These kinds of people will wait until the store has some kind of a clearance sale and they're going to get it for 5$
That behavior isn't normal and it doesn't make sense in his financial situation.
But it's that survival mentality that's left from his childhood or something and there's nothing to be admired in keeping that mindset throughout your life.
You should be able to have a normal healthy and realistic relationship with wealth, without constantly having to stress about losing your fortunes tomorrow.

>>12328976
It's funny that every time he ignores his own advice he gets rekt

Shit on aviation -> buy planes -> get rekt
Shit on tech -> buy tech -> get rekt

>>12329687

Except public technologies have real products and real cash flows.

Crypto is literally trash not capable of generating a single dollar of revenue or profit.

>>12329752
It does make sense you fucking little twerp. Why buy a shirt for $50 when you can get it for $5? Are you that fucking dense?

>>12329752
>You can bet your ass that he's going to find the cheapest sale shirt he can. He's not going to grab something that's 45 bucks. These kinds of people will wait until the store has some kind of a clearance sale and they're going to get it for 5$
I actually doubt he buys the cheapest shit, because the cheapest shit tend to wear fast and is ultimately kinda costly. My take is that he buys what has the best quality/price ratio, which is pretty sensible.

>>12329765
I'll come back to you when fiat currency no longer exists.

>>12329804

Why do you semi-literate gold fags always use these debt charts when you have no real understanding of government paper and what it implies.

His private jet is also very "of the people" as well. It looks like the kind an average burger flipper would buy.

>>12329765
bla bla bla
I never bought an apple product
I bought pleny of crypto tho

just fuck off and cry when you come back for the next top agian fucking idiot

Someone here once chastised me cause I said Buffett should be more humble... Looks like now he can buy some more... and watch it continue to fall...

>>12329886

I don't have the time or the crayons to describe simple business principles to you.

In your little babby brain shitcoins go up in value magically, with no actual fundamental business case.

You're a good candidate for Vechain ownership.

>>12329526
>live in a house infested with brown recluses
click this
fuck you mang

>>12330072
I rather put $1000 into fucking vechain than into a fucking overpriced phone just saying.