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Buffett: "I Would Buy A Five-Year Put On Every Cryptocurrency"

Discussion in 'CryptoCurrency' started by Sephrata, Jan 10, 2018 at 9:56 PM.

  1. SensualTyrannosaurus

    SensualTyrannosaurus Jr. VIP Jr. VIP

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    What kind of animal are you, sir?
     
  2. txholdem

    txholdem Elite Member

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    maybe his money sense is fading or he is getting carried away.
    he wouldnt invest in it if he does not understand it? "buying put" is contradicting himself.
     
  3. ttmschine

    ttmschine Power Member

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    No it isn't because you have the RIGHT to sell the commodity at a pre-determined price, but there is no obligation to.

    Therefore it would be a risk free transaction.

    But what he's saying - and you really should listen to him - is that it's going to end badly.

    I'm sure you know what that means.
     
  4. txholdem

    txholdem Elite Member

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    no idea what you are talking about.
    how is buying put a risk free transaction? and no obligation.
    you use money to buy put options. you dont use 'words' to buy options.
     
  5. ttmschine

    ttmschine Power Member

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    Yes exactly, you have no idea what I'm talking about which means that a) you shouldn't be investing at all, and b) no one should listen to you.
     
  6. The Scarlet Pimp

    The Scarlet Pimp Senior Member

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    wb once said that he wouldn't touch anything that the man-in-the-street knows about because the big deals aren't public knowledge.
     
  7. Twofaced

    Twofaced Registered Member

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    as you can see he was wrong
     
  8. txholdem

    txholdem Elite Member

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    when i say i "have no idea," i really mean "what kind of bullshit is this?"
    and i never gave people advice about investing.

    you either dont understand english or you dont know what 'put' means.
     
  9. zionbar

    zionbar Jr. VIP Jr. VIP

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    With all the respect to Warren, he has 0 clue when it comes to tech.
    Hes an old, conservative investor.
    It is known and he and his partner are known to pass on amazon and google.
    He even admitted he made a mistake here - > https://www.cnbc.com/2017/05/06/warren-buffett-admits-he-made-a-mistake-on-google.html

    So is he a brilliant investor? yes.
    Would I take a tech advice from warren, a guy who is known to not even have a computer in his office, and passed on google / amazon...well you get the picture...