/biz/ - Business & Finance

Buffet and Soros.

Can’t wait to pour one out for these homies when they are gone.

>i think its a bit wasteful to create a chain out of blocks, using links to form a chain is gives a higher rate of return
>buy chainlink
>t. warren buffet

dude is oldschool and is great at investing but he doesn´t understand crypto at all

>>9282297
Does accumulate money and doing nothing with it is a sign of senility?

>>9282297
He doesn't even use a computer.
Just look at the Berkshire website. It's absolute garbage.

>>9282884
made my day

Crypto still has no real products for businesses or consumers. Right now it's a $500B speculative bet that's nothing but a bunch of half finished prototypes.

He's right to criticize it when people are going all in when 95% of these coins will be worth nothing.

>>9282995
same bs was said about BTC in 2014 when it was 100$ each

>>9282995
Muh buy the top and hodl for 20 years for 5% yearly gain the boomer way, FUCK THAT i wanna make millions and actually enjoy it while im young not like the old boomer grandpa who still allocates 8$ for his breakfast every morning at mcdonalds the old faggot.

>>9283022
And it's still right today only thing that changed is more suckers have bought in.

BTC is actually used less now that it was in 2009. At least in 2009 people attempted to use it as money but today people just hodl and hope that some sucker will come in and buy it off of them for a higher price.

Crypto hasn't yielded 1 usable product. After what $30B in ICO money all these coins are still useless. That should tell you it's a scam over all.

>>9283062
>technology takes time to mature and evolve into usable projects, therefore it's all a scam

>>9282884
http://www.berkshirehathaway.com/message.html

lmao holy shit its literally
>Im not telling you the secrets of how i make my wealth but buy my shit

>>9283047
He spends $3 which is worse. I went to Mc'donalds to have breakfast a few times and couldn't think how to spend only $3 and not starve. $10 was the absolute minimum but this was in £ so it might differ from $.
There is one thing which you shouldn't be frugal about and that's food.

>>9283062
things didnt get started till 2011 kinda..you forgot all the money that went into mining hardwares since then also make the difficulty to get coins and value rise..

>>9283062
>BTC is actually used less now that it was in 2009.
That's a lie nigger.

>but today people just hodl and hope that some sucker will come in and buy it off of them for a higher price.
Just like:
- stocks
- gold
- silver
- real estate

Google, facebook or Amazon have never paid a single dividend for example and it's true too for a shitton of companies while real estate is in its biggest speculative bubble ever everywhere.

>Crypto hasn't yielded 1 usable product. After what $30B in ICO money all these coins are still useless.

30 billions investment is fucking nothing and the first products will come this year.

>>9283216
>Just like:
>- stocks
>- gold
>- silver
>- real estate
It's not like any of those things, the only thing backing crypto are shitty whitepapers and niggers stilling garbage on youtube. Also all these tokens and cyrpto projects are all taughting themselves to be the next money2.0. They all say that people are going to use their platform as a means of exchange but guess what? No one is using it. One day people will wake up and realize that the entire economy have spent hundreds of billions of dollars on garbage just how in 2007 people realized that banks lent +$100B to black single moms and hillbillies to buy over priced McMansions.

You'll never make it because all you do is follow the latest fad. You can't escape your herd mentality.

>>9283079
>9 years
>No progress between now and day 1
>T-THIS YEAR WILL BE DIFFERENT I SWEAR

>>9283079
You do know that the applications of block chain are being used in logistic networks and not finance right?

You do intend to drop those bags on the final wave of suckers who think they can do nothing and be gorrillinaires right?

Shitcoins are an absolute scam, that does not mean you cannot make money off them.

>>9283683
>implying all projects started from day one
>implying smart contracts didn't change the game
>implying we've already found all the possibilities of blockchain technology
>>9283770
>I pull shit you didn't claim out of my ass to make a point

Fuck, I ran out of meme arrows.

>>9283216
>>but today people just hodl and hope that some sucker will come in and buy it off of them for a higher price.
That's traders.
>Stocks
stocks are part of businesses. Nothing different than buying like 10% of your brothers/friends business that makes good profits. Except you can do it much easier on a computer.


>Gold
There are limited amount of gold in the world. The value is determined by the economy and government stances. Like in Venuzela, people who kept their wealth in gold didn't follow their hyper inflation.

>Silver
Meh don't care for silver that much

>real estate
That's a purchase of land. You can rent it or live in it or start your business there. It's not a "greater fool theory" at all unless you buy it and flip it, which is their choice.

>Google, facebook or Amazon have never paid a single dividend for example
All dividend means is money is taken out of the company to the investors. They reinvest that money into the business. Generally the board decides if the business is worth more growing it or giving it back to the investors. It's basically similar to buying real estate, renting it out then using that rent money to buy more properties or repaying your mortgage instead for yourself. Then later one if you want to sell those properties, you can.

>>9282297
He doesnt, I read most of his interviews and he calls it internet money, in All of his interviews he only refers to blockchain technology as currency, that’s all it is to him.

>>9282297
His method excluded amazon because amazon never made a profit for years and was always over valued

he didn't understand the internet, he won't understand the new internet.

That guy is a genius, people like you cannot even comprehend what he achieved. if he would be 30 now he would be buying up all the alts at their bottom.

>>9283082
surely this cringey boomerbait doesn't work anymore

>>9282297
Lol, as if biz understands what blockchain is biz retards and assholes just know the word link. Bunch of idiots

>>9282884
Holy fuck that boomer is retarded.

>>9283082
>he has a single, barebones, webpage on his site to shill GEICO insurance and Borsheim's jewelery

How much you want to bet GEICO and Borsheim's paid him big bucks for that shitty endorsement? That has to be shittiest, most obscure, endorsement I've ever seen. Buffet may be a faggot, but he's a legendary troll.

He has more money than he will ever need, and the stocks and systems that made him that money still exist. He can continue to make the same sorts of bets in the same businesses for the rest of his life without any significant consequences.

I think if he was 40 years younger and understood the technology he would be all over blockchain. But given his remaining lifespan, I don't think it makes sense for him to put the amount of effort in to understand this tech the way he understands more traditional businesses.

Because Boomers like Humpty Dumpty look-alikes from the fairytale books of their childhood. Humpty Dumpty represents strength and potency of the testicles. Only the strong survive. He also licks ice cream in the faces of the meek. He subconsciously doesn't give a fuck, bro.

>>9286806
so because he dosent care to be all over crypto that just means he can shit all over something he doesnt understand?

Young Buffet was getting incredible returns with 1950 shit stocks, would be shit coins today

>>9282297
> my two biggest investment mistakes were underestimating what are now the two biggest tech companies in the world
> but don't worry, I'm totally right about it this time

>>9282297
Amazon operated at a loss for how many years and now that they undercut and pushed out of business all their competition, they're profitable. They're functional a subsidized branch of the deep state.

>>9282297
Agreed this old fuck should neck himself already sick of his old ways shit

>>9282884
Lmao boomers make me sick. Btw is that a geico ad on his website lmfao what does a billionaire needs ads on his site wtf LOL

>>9282995
You can still make money playing the fluctuations in the market you fucking twat

>>9283175
Euro faggots eating at McDonald’s Jesus fuck what happened to Europe I’m white and I wanted to visit my homeland one day and get away from burgerland

>>9283683
t. Shill