Ya actually after going through the definitions of speculating and investing of buffet from one of his books i was having a laugh.Because livermore was speculating about 50 years before buffet and he told us that you have to keep the odds in your favour while speculating and while buffet was doing the same by keeping odds in his favour and speculating he was against speculation .Either he is not showing his hand or he is deliberately misleading( bluffing as in poker) both of which are required to win in poker.Only his way of putting odds in his favour︀ is different than others.He is looking for some competitive advantage in the company he buys,he︁ is looking for dividends from the strong stock he wants to buy and he wants︂ to wait till there is blood on the streets to invest. So who knows buffet︃ maybe will load up in crypto once the bottom is reached after making all those︄ statements hearing which most crypto enthusiasts will give up their crypto right at the bottom︅ of the bear market( transfer of asset from weak hands to strong hands).
Bitcoin below 31K - how far will this go?
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Buffet only invests︆ as insider into deals. So it is not actually not just buying a stock on︇ IBKR after having read all company reports.
Furthermore, he portrays himself as the small farmer︈ from Nebraska while flying private jet and hence qualifies as a Hypocrite in its best︉ form.
Furthermore, he portrays himself as the small farmer︈ from Nebraska while flying private jet and hence qualifies as a Hypocrite in its best︉ form.
I wont say hypocrite ,but i would definitely say that he plays a good hand of poker with his bluffs.Well when everyone is following you 24 by 7,you have to do things different than what you say its self preservation.Also he maybe doing insider deals now but he sure didnt start︀ that way in the fifties and sixties.Being a biggie now qualifies him to do such︁ insider deals and any person will utilize his advantages whatever he can get in the︂ market.I wont be one bit surprised if he were to acquire a majority stake in︃ binance or any crypto bank right at the bottom of this bear market and negotiate︄ such a deal with them where he can get a dollar for pennies.Even Jesse livermore︅ used to use his advantage of swinging a big line by cornering the market whenever︆ he could.
You can just be quiet as︂ well and do your insider deals, no problem 😉 otherwise he is prime candidate for Hypocrisy - Wikipedia
He portrays things in a way to make his fanboys luster after him.︃
From that point of view hes basically the same as the average moonboy youtube shill︄ pushing some cryptocrap and cashing in on insider deals.
Being close to the printing press︅ is all what is needed to make his investments succeed.
He portrays things in a way to make his fanboys luster after him.︃
From that point of view hes basically the same as the average moonboy youtube shill︄ pushing some cryptocrap and cashing in on insider deals.
Being close to the printing press︅ is all what is needed to make his investments succeed.
And why do i have to be quiet i'm not as big as buffet yet , although i do share my birthday with him.But︀ yes he is using every trick in the book to make money.Using news to either︁ enter or exit a trade is done by almost all successful speculators.Buffet is doing it︂ at another level he has bought the printing press for putting out to the public︃ whatever he wants and then copperring the public's bets( Reference Reminiscences of a Stock Operator).︄
You asked why hypocrite. There you had the answer.
It is not using news, it is creating them 😉 which the gerontocracy exploits.
It is not using news, it is creating them 😉 which the gerontocracy exploits.
Well if you say so,but even speculators of old did the same by planting news items.They knew how the public would react to such an item of news and then they took opposite positions- its very well documented in " Reminiscences...
Nothing new ,people of power will utilise the power whether it is use or misuse is a different story.
Coperring the publics bets is an old trick.
I have never researched hypocrisy but i did research buffets︀ trades and read Livermore's books so i concluded the way i have.
Nothing new ,people of power will utilise the power whether it is use or misuse is a different story.
Coperring the publics bets is an old trick.
I have never researched hypocrisy but i did research buffets︀ trades and read Livermore's books so i concluded the way i have.
In short this is:
Uncle W flying private jets while︀ trying to convince Joe Sixpack hes an equally poor schmuck like him bc he is︁ living in a small house in Nebraska while hes flying in private jet and is︂ *** him from behind by manipulating the "lamestream" news.
He fits the definition of despicable︃ human being very well.
There are other investors who are equally famous but way less︄ distasteful.
Uncle W flying private jets while︀ trying to convince Joe Sixpack hes an equally poor schmuck like him bc he is︁ living in a small house in Nebraska while hes flying in private jet and is︂ *** him from behind by manipulating the "lamestream" news.
He fits the definition of despicable︃ human being very well.
There are other investors who are equally famous but way less︄ distasteful.
You couldn't be more︁ wrong Bankers actually hate it because it's transparent and can't be used to rob people,︂ via inflation. Of course I am talking about Proof of Work Coins held in your︃ own Wallet. If you use a Bank you don't own your Crypto, in the same︄ way as if you use a bank to hold stock. Most don't owe you the︅ stock you hold there either.Same with Metalls, JP Morgan just sells you Options for Metalls︆ that don't even exist to keep the price low.
Do know what is already on the roof of the Empire state building? Answer: GOLD!
https://www.nytimes.com/1950/07/28/...r climbed up,of the world's highest building.
https://www.nytimes.com/1950/07/28/...r climbed up,of the world's highest building.
Well, mainstream is waking up -> Crypto firms say︃ thousands of digital currencies will collapse, compare market to early dotcom days
The "crypto bubble" copycats the "dot-com bubble".
The "crypto bubble" copycats the "dot-com bubble".
8-15k (thinking 16k) but if the recession hits and depression then really bad, BTC never been a QT era either...
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