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Warren Buffett: I was wrong on Google and 'too dumb' to appreciate Amazon
Posted on 1/12/18 at 10:34 am
Posted on 1/12/18 at 10:34 am
quote:
Warren Buffett admitted to shareholders Saturday that he made a mistake by not buying Google shares years ago, when the company was getting $10 or $11 per advertising click from Berskhire Hathaway consumer insurance company subsidiary Geico.
The Oracle of Omaha also professed ignorance on other big technology stocks, whose rallies he missed because he didn't quite appreciate their value proposition at first glance
quote:
"I was too dumb to realize. I did not think [Bezos] could succeed on the scale he has," Buffett said, adding that he "really underestimated the brilliance of the execution." The investor humbly admitted that he and partner Charlie Munger "miss a lot of things, and we'll keep doing it."
LINK
Good news for crypto?
10
Posted on 1/12/18 at 10:36 am to OleWarSkuleAlum
Keep fishing
Posted on 1/12/18 at 10:38 am to OleWarSkuleAlum
This board is miserable now
Posted on 1/12/18 at 10:51 am to OleWarSkuleAlum
quote:The link you posted is dated May of last year. Why?
Warren Buffett: I was wrong on Google and 'too dumb' to appreciate Amazon
Posted on 1/12/18 at 10:51 am to OleWarSkuleAlum
quote:
Good news for crypto?
Maybe. He certainly has the lack of knowledge on the tech thing going again.
Who knows, though? He's been right a lot too. Crypto is definitely a bubble right now, but that doesn't mean it's about to pop or that when it does, it will go completely away.
Posted on 1/12/18 at 10:53 am to LSUtigerME
quote:
This board is miserable now
havent seen a megathread like the crypto thread since the late, great haynesville shale thread.
Posted on 1/12/18 at 10:59 am to GRTiger
Everyone is calling crypto a bubble. Makes me think that it’s not actually in a bubble..
Posted on 1/12/18 at 11:05 am to PhiTiger1764
I see your point, but crypto seems to have a following that is a) more cult like; and b) not traditional investors. So I'm not sure the bubble factor is as accounted for in the price as it would be without those variables.
I have coins, so I'm not hating, but something so new and with such a huge spike in a short amount of time scares me as someone who would like to hold coins for the long term.
I have coins, so I'm not hating, but something so new and with such a huge spike in a short amount of time scares me as someone who would like to hold coins for the long term.
Posted on 1/12/18 at 11:05 am to PhiTiger1764
oh its definitely a bubble..but imo that bubble isn't ready to pop for a few more years as everyone is now starting to get into it.
i could be wrong but i'm planning to HODL!
its like the lottery to me except way better odds. i'm writing off what i'm putting into it and if it pays off big time, awesome! if not, i still have my IRA and 401K and traditional investments.
i could be wrong but i'm planning to HODL!
its like the lottery to me except way better odds. i'm writing off what i'm putting into it and if it pays off big time, awesome! if not, i still have my IRA and 401K and traditional investments.
This post was edited on 1/12/18 at 11:08 am
Posted on 1/12/18 at 11:13 am to OleWarSkuleAlum
Posted on 1/12/18 at 11:37 am to OleWarSkuleAlum
Warren Buffett: I was wrong on Bitcoin and 'too dumb' to appreciate Ethereum???????
Posted on 1/12/18 at 11:45 am to OleWarSkuleAlum
Crypto traders are the crossfitters of investing
Posted on 1/12/18 at 11:45 am to Cdawg
quote:
Warren Buffett: I was wrong on Bitcoin and 'too dumb' to appreciate Ethereum???????
Soon...
Posted on 1/12/18 at 11:54 am to wutangfinancial
quote:
Crypto traders are the crossfitters of investing
Investing more like gambling
Posted on 1/12/18 at 12:35 pm to wutangfinancial
quote:
Crypto traders are the crossfitters of investing
I like that one.
Posted on 1/12/18 at 12:57 pm to PhiTiger1764
quote:
Everyone is calling crypto a bubble. Makes me think that it’s not actually in a bubble..
It's valued as a speculative investment with no intrinsic value and, at the moment, no clear path to having value. It's a bubble.
Posted on 1/12/18 at 2:11 pm to OleWarSkuleAlum
I didn't appreciate Amazon either until it was $1000 per share. Then I finally got on board.
Posted on 1/12/18 at 2:30 pm to barry
quote:
It's valued as a speculative investment with no intrinsic value and, at the moment, no clear path to having value. It's a bubble.
That is true about BTC. BTC is a dinosaur and has no value besides a currency that transaction fees are rapidly rising. Within the next 12-24 months ETH is going to flip BTC and will be king. ETH is not solely a currency but smart contracts, etc
Posted on 1/12/18 at 3:25 pm to OleWarSkuleAlum
The crypto shite on this board is exhausting. You have to weed through 15 bullshite 'buy this crypto and thank me laters' to find anything worth clicking on.
Posted on 1/13/18 at 7:10 am to AaronDeTiger
quote:
The crypto shite on this board is exhausting. You have to weed through 15 bullshite 'buy this crypto and thank me laters' to find anything worth clicking on.
Only reason I haven’t got into it. I can’t figure out how to get into it or buy coins in a somewhat safe manner. One poster says do this while the other says what are you stupid....
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