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/biz/ - Business & Finance

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9403564 No.9403564 [Reply] [Original]

>Why should i take a long or short position on something i don't know anything about?
>dont know anything about
>But i do think what's going on definitely will come to a bad ending.

Doesn't know shit about grid computing, smart contracts, data processing, the internet of things, etc, etc.

I seriously have more thrust in my crypto's than in that fiat swindle mountain of debt. Why do we still hold those boomer fossils in such high regard nowadays /biz/?

>> No.9403603
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9403603

Daily reminder that Warren Buffet eats at McDonalds and drinks five cans of coke every day.

>> No.9403613

>>9403603
How is he still alive?

>> No.9403625

>>9403613

freshly harvested baby brains

>> No.9403628

>>9403613
Baby blood works miracles.

>> No.9403630

>>9403613

No fucking idea. He's 87 years old. How in the fuck

proof: http://www.businessinsider.com/warren-buffett-daily-routine-2017-8

>> No.9403649

He's my inspiration though. If he can drink 5 cokes and eat a McGriddle every day then surely I can do cocaine on the weekends and live just as long

>> No.9403695

>>9403564
he actually made it. it isn't about believing in every single moon mission that comes along, he would have turned down a ton of good opportunities that came across his desk, doesn't matter though

>> No.9403785

>>9403564

In all seriousness, dude is right. He knows nothing about the tech, but he knows a lot about markets. Lots of people are going to make it via crypto, but eventually there will big a boom much bigger than the last, and a crash that lasts several times longer than the 2013 crash.

Buffet, not understanding this particular market, wont take a position on it, not because he's unsure about it eventually coming to a very bad end, but because he has no idea when that end is coming. For all he knows it was 2017 and now were in for a long decline. That's probably wrong, though he has no fucking clue.

The point is, he sees the price action and the hype, and he knows what kind of market that creates. It could crash at 10x or 100x or 1000x current market cap, but at some point its going to crash hard and fuck a lot of people, because that's what happens when you have markets that are easy to make 30x your initial investment in in a year.

He's a value investor with very particular focuses, and cryptocurrency is far outside of his comfort zone. Can't fault him for recognizing that, recognizing the risks, recognizing that a lot of people are going to get fucked, and just sticking with what he's good at.

>> No.9403806

>>9403630
>>9403613
the power of genetic probably. or some occult illuminati medical practice

>> No.9404688
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9404688

>he doesn't use coupons for his $5 mcdonalds dinner
you guys will never make it

>> No.9404721

>>9403649
Fuck yeah. Here's to you cokebro.

>> No.9404841

>>9403785

>> No.9404864

>>9403613
his work for lucifer is not yet complete

>> No.9404884

We must cull the old.

>> No.9404969

>>9403785
>assets 1000x in few years
>fundamentals have not changed
It is a totally sustainable market.