That is why it is hard for the pros to beat the Buffett 10 year, million dollar bet against a SPX500 index fund.
I guess my brain is just stuck in equities because for the life of me I don't buy the value of most coins. Except for Steem. I can see the value in Steemit thereby Steem has value behind it. I guess I'm like Buffett in that I never was a gold lover. It doesn't do or produce anything! I guess I equate coins to gold in that way.
You are viewing a single comment's thread from:
I completely understand that.
There are a lot of coins that do not bring value, and they will fall by the wayside after the initial excitement.
Steem has the advantage of an engaged user base - the technology on its own won't do anything which is where a lot of coins disconnect from reality.
Oh good and silver, haha, I am in the monetary history camp so I am waiting for a revaluation of paper currencies before I get off the metals wagon.
Just for fun you got to read this one minute piece from Buffett about gold, farmland, and ExxonMobil!
https://www.gurufocus.com/news/239678/gold-vs-farmland-vs-exxon-mobil--buffett-makes-ense-of-it-all
Love that quote from Charlie Munger.
That was a great article. Thank you for sharing!
Sage advice from Buffett there, and I agree with him but I'd still buy metals right now until we have a new reserve currency - after that, give me a horse farm with lots of land, haha.
Thanks much for taking the time to read it!
Yes I'm a fan of Charlie. He is a gem!
Of course! You recommended it so I wanted to read it.
I am as well. The combination of Charlie and Warren are a joy to listen to.