Topic: Warren Buffet has some very wise words. Crypto applicable. - page 2. (Read 541 times)

Of course I can say my opinion about Buffett or anyone else from that 1% extremely wealthy people who control 50% world wealth to the detriment of all those who live a life unworthy of human being. I would never try to walk in his shoes, this is completely the opposite of what I consider to be normal in life

I think you can't judge Buffett

And not because he is wealthy while you are poor as a church mouse (you may not be that poor, of course), though it is also a factor here (try walking in his shoes first). It is so because you simply don't know the real circumstances which would allow you to draw reasonable conclusions. Basically, you are making value judgments straight out of your ass (sorry for the language but it fits here)

I help people in any way I can every day, and I am not sitting on billions and pretend to doing some good work for people by donate crumbs from my table

I do not see why some people have so much hate on Buffett either. Even if Warren Buffett does not exist, his 87 Billion net worth would simply spread out and be owned by many different wealthy individuals and that will not change the fact that people will still die from starvation and curable diseases everyday. In fact, he is making things better for those people since he donated a big chunk of his wealth towards that cause and has pledged to give the rest away when he dies.
Are you telling me if he did not own those 87 billion, the world would be better than it is now? Wake up please, if the 87B is owned by other people, I am sure not even 20% of that is going towards those dying from hunger.

From your comments I can tell you don't even understand what value investing is. The 4B you are talking about is "Quotational Loss". You only incur loss when you sell the stock. For Warren it is actually an opportunity to  buy more Apple stocks at discounted prices, not tragic at all like you said it was.

Warren is just an individual like you are, the burden of saving people from hunger and diseases is not his alone. Have you contributed to humanity more than he did?

People like you promoting equality doesn't make the world better anyway. It's just all theory and talk. In theory it sounds good and all but in reality You have no way of implementing it.

Socialism and Communism eventually lead to extreme corruption. Plenty of examples right now if you look around

I see you are just one of them, and because of people like you we have what we have today, a world in which one spends billions in a day and others work for 1$ a day or even less. Buffett knows nothing, he is just one more greedy person, nothing more. I do not like him, and more than that I can not stand people who respect him just because he is sickly rich.

I am not interesting in some quick profit with BTC, it is much more for me - but if you think Buffett is smart person you should listen to him back from 2014 and stay away from BTC.

Major declines have happened before and are going to happen again, he says: “No one can tell you when these will happen. The light can at any time go from green to red without pausing at yellow.”

I do not see why some people have so much hate on Buffett either. Even if Warren Buffett does not exist, his 87 Billion net worth would simply spread out and be owned by many different wealthy individuals and that will not change the fact that people will still die from starvation and curable diseases everyday. In fact, he is making things better for those people since he donated a big chunk of his wealth towards that cause and has pledged to give the rest away when he dies

Are you telling me if he did not own those 87 billion, the world would be better than it is now? Wake up please, if the 87B is owned by other people, I am sure not even 20% of that is going towards those dying from hunger

I do not see why people who are involved in cryptocurrency show so much admiration for Buffett? Is that because of the enormous wealth he created for himself and some people around them, and in the same time has created a poverty all around the world? Why one man need 87$ billion, and tens of thousands of people die each day from starvation and curable diseases?

Buy low, sell high - hold for long term, most of people know that. Even Buffett make mistakes, he is not some amazing man who can predict future. He lost close to 4$ billion in one day just on m/2018/11/02/warren-buffett-loses-nearly-4-billion-in-single-day-on-his-apple-stake.html]Apple's stocks, and few more billions on other investments.

What's more tragic for him that he bought more Apple shares just few months before big crush.

I have been asked a lot recently by members in here, what my position is on the current Bear market for Cryptos.
I think that this man is brilliant, and he gives the sentiment of myself and many members in here. So, this is your reminder.....  


Warren Buffett suggests you read this 19th century poem when the market is tanking.

Published Mon, Dec 17 2018 • 3:48 PM EST • Updated Mon, Dec 17 2018 • 4:04 PM EST
Kathleen Elkins
@KATHLEEN_ELK

Warren Buffett, Chairman and CEO of Berkshire Hathaway.Adam Jeffery | CNBC
The stock market has had a volatile year, and it’s not over yet: The Dow Jones Industrial Average lost more than 520 points on Monday and the S&P 500 fell 2.1 percent. Both are in correction and on pace for their worst December performance since the Great Depression in 1931.

But for the average person, shifts in the market, even ones as dramatic as the ones we’ve seen this year, shouldn’t be cause for panic. During times of volatility, seasoned investor Warren Buffett says it’s best to stay calm and stick to the basics, meaning, buy-and-hold for the long term.

So, during downturns, “heed these lines” from the classic 19th century Rudyard Kipling poem “If—” which help illustrate this lesson, Buffett wrote in his 2017 Berkshire Hathaway shareholder letter:

If you can keep your head when all about you are losing theirs ...
If you can wait and not be tired by waiting ...
If you can think – and not make thoughts your aim ...
If you can trust yourself when all men doubt you ...
Yours is the Earth and everything that’s in it.

Market downturns are inevitable, Buffett pointed out, using his own company as an example: “Berkshire, itself, provides some vivid examples of how price randomness in the short term can obscure long-term growth in value. For the last 53 years, the company has built value by reinvesting its earnings and letting compound interest work its magic. Year by year, we have moved forward. Yet Berkshire shares have suffered four truly major dips.”

He went on to cite each of the steep share-price drops, including the most recent one from September 2008 to March 2009, when Berkshire shares plummeted 50.7 percent.

Major declines have happened before and are going to happen again, he says: “No one can tell you when these will happen. The light can at any time go from green to red without pausing at yellow.”

Rather than watch the market closely and panic, keep a level head. Market downturns “offer extraordinary opportunities to those who are not handicapped by debt,” he says, which brings up another important investing lesson: Never borrow money to buy stocks.

“There is simply no telling how far stocks can fall in a short period,” writes Buffett. “Even if your borrowings are small and your positions aren’t immediately threatened by the plunging market, your mind may well become rattled by scary headlines and breathless commentary. And an unsettled mind will not make good decisions.”

HODL

Need to take big risk when we want to make more money like warren Buffet so you also have to buy the cryptos at very cheaper prices to make more out of it when the prices keep going bullish.The time taken for the prices to increase may be longer but you need to sustain your Hold until to make you as successful investor or there is no point of investing onto something

Warren buffet had a shorter version of this, he said "fear when others are greedy and be greedy when others fear".

Basically, a low market means cheap stocks, if you look at stocks right now most of them do not even deserve the price they are in and basically all cheap just because the market went down, sometimes a company can do well, stock can go up and everything can seem like its going great and all of a sudden stock could take a crash down just because market is bad even if the company is doing well

It may be smart for you, but for me it's a pretty stupid person if we look at his statements from 2013/2014 where he say bitcoin is just a mirage or tulips. How a smart person can miss the opportunity to make big profit, was not it wise to invest in bitcoin back in 2013 maybe?

Let's look at an example of investment back in 2013. Buffett have around 49$ billion at that time, and bitcoin price was 130$, so if he was smart and invest in bitcoin maybe only 1$ million, today value of that coins would be 7692 BTC times 3400$ = 26 152 800$

Ironically, Buffett is really a smart person

As he was telling what was going to happen and really happened. If people actually listened to him and what he was telling about crypto, we wouldn't have so many disappointed and despaired, hapless and hopeless bagholders now. And even more ironically, without them, without all this relentless speculation, we might have been much better off in terms of adoption by now. As you can see, things are more complicated than they look at first glance

I see you are just one of them, and because of people like you we have what we have today, a world in which one spends billions in a day and others work for 1$ a day or even less. Buffett knows nothing, he is just one more greedy person, nothing more. I do not like him, and more than that I can not stand people who respect him just because he is sickly rich.

I am not interesting in some quick profit with BTC, it is much more for me - but if you think Buffett is smart person you should listen to him back from 2014 and stay away from BTC.

Let's cut the crap here, mate

Most people are involved in Bitcoin for profits, even if some of them may claim to the contrary, and it is kinda normal. Buffett has proved that he certainly knows his shit, i.e. knows how to earn money. So it doesn't matter what he thinks about Bitcoin (we all know what he thinks). It is his skills, expertise and life experience in general which are of interest to us. Yes, he does mistakes (which he evidently admits) but it doesn't take anything from his wisdom (actually, it may even add more value to it). Well, this is what I think at least (you may think different, I don't mind)