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88 sats \ 5 replies \ @grayruby 4 Oct \ parent \ on: Crane count drops 44% across North American cities econ
Always the case. Buffett will never get Bitcoin but he does have some great quotes and life advice.
I do wonder if someone reasonable actually sat down with him to explain Bitcoin (not someone like Saylor), whether he'd at least admit that there is a case to be made.
I think you'd have to acknowledge that bitcoin is "speculative" in the sense that it's not a productive asset, which is what Buffet is used to investing in. But then you'd have to explain that the speculation is quite reasonable given the arc of monetary history, and you'd have to get him to acknowledge the risks and injustices built up in the fiat system.
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I know a lot of smart people who are terrible investors and/or do not understand bitcoin or hate it for childish reasons
Senior citizens revert to childhood, circle of life, @siggy47 can confirm?
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Oh sorry. I didn't see this. I was taking a nap.😀 Seriously, it's true. My peers have nostalgia for the US dollar, in cash, and they see real estate as the ultimate store of value, as it has been for most of their lives. They don't trust modern technology either. They expect things to work without auto updates, crashes, screen freezes, etc. With old telephones, radios, and TVs, they just worked. No bullshit.
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He is too old to understand it
Age is just a number has limitations
Anyone tried teaching a new trick to an old dog recently
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He and Munger have great quotes and life advice because they were/are old and rich.
Even poor seniors on Medicaid and disability have kernels of life wisdom simply because of experience
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