Discussion in 'CryptoCurrency' started by Sephrata, Jan 10, 2018.
What kind of animal are you, sir?
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.
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.
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.
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.
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.
as you can see he was wrong
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.
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...
I wonder how many millions he'd have made this past month shorting crypto ?
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