Posted: May 27, 2019 12:42 am
by jamest
Macdoc wrote:The Puritans thought they had god on their side solely because they were wealthy by the standards of the times.....they had a similar sort of arrogance you exhibit Jamest.
They liked to proselytize too. :roll:

Warren Buffett explains one thing people still don’t understand about bitcoin
Published Tue, May 1 2018 1:00 PM EDTUpdated Tue, May 1 2018 4:52 PM EDT
Ali Montag
@ALI_MONTAG

Warren BuffettDavid A. Grogan | CNBC
When it comes to bitcoin, billionaire investor Warren Buffett wants to make one thing clear: Unlike buying stocks, bonds or real estate, buying bitcoin is not an investment.

That’s because it lacks intrinsic value, Buffett says.

“If you buy something like bitcoin or some cryptocurrency, you don’t have anything that is producing anything,” Buffett says in an interview with Yahoo Finance. “You’re just hoping the next guy pays more. And you only feel you’ll find the next guy to pay more if he thinks he’s going to find someone that’s going to pay more.

“You aren’t investing when you do that, you’re speculating.”

Famous for his “buy and hold ” investment strategy, the Berkshire Hathaway CEO built his company — and his $82.8 billion net worth — backing companies that have substantive value.


once you admit that you are speculating, not investing Jamest ...you might get some cred... :coffee:

My cred is reflected in the charts. Reached a new high today for the year, and I'm not just talking about 2019, but a 12 months high. The writing is on the wall, yet you still prefer to preach me the gospel of the dead.