/biz/ - Business & Finance

[Anonymous No.16664218]

Warren Buffet was once asked, "would you put money in gold?"

He said, "well, you can take all the gold in the world and stick it into the infield of a major league ballpark, right? It's sixty feet by sixty feet high... into a big cube. With that same amount of value you can buy all of the agricultural land in America and eighteen Exxons. And which would you rather have when things get rough: the producers of energy and food, or a pile of gold that you can't eat?"

"A century from now the 400 million acres of farmland will have produced staggering amounts of corn, wheat, cotton, and other crops - and will continue to produce that valuable bounty, whatever the currency may be. Exxon Mobil will probably have delivered trillions of dollars in dividends to its owners and will also hold assets worth many more trillions (and, remember, you get 18 Exxons). The 170,000 tons of gold will be unchanged in size and still incapable of producing anything. You can fondle the cube, but it will not respond."

"I believe that over any extended period of time this category of investing will prove to be the runaway winner… More important, it will be by far the safest."

[Anonymous No.16664244]

>>16664218
> And which would you rather have when things get rough: the producers of energy and food, or a pile of gold that you can't eat?
depends on how rough things may get.. you only have the land, as long as the government can protect your property, or are willing to do so.
The farmers in Rhodesia were probably not that happy about owning land when things got "rough".

[Anonymous No.16664259]

Makes you think

[Anonymous No.16664267]

>>16664218
>buys KHZ
>sells AAPL
>regarded as investing genius

[Anonymous No.16664276]

>>16664244
How will gold help in that situation?

[Anonymous No.16664284]

>>16664276
You can pay for things to avoid it ever getting to that situation

[Anonymous No.16664292]

>>16664276
you could craft a sword out of the gol

[Anonymous No.16664299]

>>16664292
minecraft taught me that that's a bad idea

[Anonymous No.16664322]

>>16664244
>implying the US gov't and its army would be toppled by rednecks and hillbillies

[Anonymous No.16664330]

>>16664299
Minecraft is one giant psyop, that keeps from Truth. That you can make a sword out of gold and it is baller af.

[Anonymous No.16664340]

>>16664330
but it's just as effective as using a pointy wooden stick

[Anonymous No.16664345]

>>16664218
And yet he bought a ton of silver. When the gubmint came knocking, he sold that shit quick af. Tell me this guy isn't ngo

[Anonymous No.16664360]

you can build a goldbrick house to live in, can you say the same about exxon stocks? checkmate boomers

[Anonymous No.16664380]

faggot bought ibm but not google, why does anybody listen to him

[Anonymous No.16664398]

>>16664276
Tradable currency in any part of the world is useful to a refugee

[Anonymous No.16664409]

>>16664380
He doesn't understand computers so he'd be taking a gamble with shareholders money by buying google. Apple, ibm and microsoft all have tangible assets, Alphabet is largely a data service, Bill Gates would probs invest but he doesn't know the finance side.
Any more obvious questions?

[Anonymous No.16664411]

>>16664409
What's stopping him from understanding computers

[Anonymous No.16664412]

>>16664244
If you're preparing for a Rhodesian situation, you can't afford to invest.
>>16664380
Because what if Google had of made some bad choices in 2005 and lost it's majority? Then he'd of looked like a fucking genius.
His strategy has been "integral value" not speculation and he's richer than you and literally all of his contemporaries. That doesn't mean his strategy is the best, but individual trades are easy to criticize in hindsight, the question is - can you out earn him consistantly, year after year?

[Anonymous No.16664415]

>>16664411
New business model with no precedents to model accurately against, only vague analogies.

[Anonymous No.16664510]

>>16664218
>trillions of dollars
K

[Anonymous No.16664656]

>>16664380
>>faggot bought ibm but not google, why does anybody listen to him

>warren makes a few bad trades in his 180 years of investing
>still worth 89 billion dollars in the current year
>bad trades are part of the game, everyone makes them
>you cope post by talking about his bad trades

[Anonymous No.16664698]

>>16664656
His "good" trades are not at all result of his good trading decisions but the privilege, loopholes and shady deals.
Dumb ass licker.

[Anonymous No.16664717]

>>16664698
>even more cope posting
a good trade is a good trade, no matter what the source of information is. money is immoral. stay poor.

[Anonymous No.16664738]

>>16664276
Guns>gold

[Anonymous No.16664742]

>>16664717
Stay mad, ass licker. I'm not the envy one here.

[Anonymous No.16664743]

>>16664698
Warren Buffet is a good investor.. but he is old-school, in the way OP's quotes reflect. He thinks in value, hard tangible value of things and invest in accordance with that.
A good investment strategy in most fields, a bad approach in others..
which should provide an answer to why he chose IBM and not google..

[Anonymous No.16664831]

>>16664412
percentage wise, yeah, I'm pretty sure I have, for the last 6 years in crypto

[Anonymous No.16664835]

>>16664831
6 years in crypto, versus several decades in lower volatility equities...
nah, I'm not even gonna touch this one

[Anonymous No.16664851]

>>16664742
envious

[Anonymous No.16664860]

>>16664742
>Stay mad, ass licker. I'm not the envy one here.
more pure cope

[Anonymous No.16664895]

>>16664244
If you assume they can steal your land, they can just as well steal your gold like they did in the Soviet Union. Any form of investment or holding can go down the drain or be stolen because of a bad government. If you're fleeing a country, there's probably more value in having suitcases of high denomination USD bills than literal bars of gold. At that point it's just currency, not an investment.

[Anonymous No.16664983]

>>16664218
years of putting your trust blindly in governments and institutions make the goyim so easily deceived

[Anonymous No.16665136]

>>16664322
Dude we have been fighting dudes in flip flops with AKs for YEARS.

[Anonymous No.16665729]

>>16664895
When I left Venezuela/Zimbabwe/Weimar germany 3 years ago the only thing I could take out were my seed words, every citizen was thoroughly searched and fleeced at the border. My mom´s gold jewelry is still buried in our farm( hope nobody finds it for the time it takes my dear country to recover). Our oil company went bankrupt or expropriated, I cant remember. I still have my suitcase full of former national currency from around the world however... It is a nice collection of mint condition Bank notes and silver and Gold certificates. I have calculated: at various points in time the content of that suitcase could have bought a house, then an RV, a 15 yo civic, a meal in a nice restaurant, a side of fries, a pack of gums..... well now I carry it with me for the caloric value the bills have if I´d have to keep warm.

[Anonymous No.16665830]

goldbugs need to die

[Anonymous No.16665864]

>>16664895
>If you're fleeing a country, there's probably more value in having suitcases of high denomination USD bills than literal bars of gold.


Except if the country you're fleeing is the United States