Warren Buffett Is Back At It Again With His Bitcoin is Valueless Talk
Buffett is a billionaire, there is no argument against that, but he is back now talking down Bitcoin and even rich guys can be wrong about finance. Here is a recent quote that is the gist of his argument, which is what he has been saying for a while. (We will ignore his recent investments in banks with a large position in crypto, as his hypocrisy has been pointed out many times.
**“If you said… for a 1% interest in all the farmland in the United States, pay our group $25 billion, I’ll write you a check this afternoon,” Buffett said. ”[For] $25 billion I now own 1% of the farmland. [If] you offer me 1% of all the apartment houses in the country and you want another $25 billion, I’ll write you a check, it’s very simple. Now if you told me you own all of the bitcoin in the world and you offered it to me for $25 I wouldn’t take it because what would I do with it? I’d have to sell it back to you one way or another. It isn’t going to do anything. The apartments are going to produce rent and the farms are going to produce food.”**
I have just a few thoughts:
*If someone offered him 1% of all the cash in the United States, would he write a check for it? I bet he would, even though cash does not produce anything.*
*How does he keep telling all the people that invest with him that he didn’t have the foresight to buy crypto and they lost out on crazy returns all because he doesn’t see the value.*
Here is a quote from his partner Munger:
**“In my life, I try and avoid things that are stupid and evil and make me look bad in comparison to somebody else – and bitcoin does all three. In the first place, it’s stupid because it’s still likely to go to zero. It’s evil because it undermines the Federal Reserve System... and third, it makes us look foolish compared to the Communist leader in China. He was smart enough to ban bitcoin in China.”**
I have still more thoughts:
*So, explain how the Federal Reserve is “good” and going against it is “evil.?” I am not sure how overseeing record inflation is “good.” I’m also not on board that being a checkbook for overspending is “good.”*
I love finding little pockets of spring around my property. It's moments like these I am thankful for the time in winter I needed to reflect and am holding onto the energy of the moment that rests in the buds of these daffodils.
Being vulnerable here...I've also felt a pit in my stomach lately. Something about change...is it good? It is not so good? I don't know! 😬 ...my intuition is onto something, but what?!
Manage Lunch
Good morning guys maagang lunch ako ngayon hahah sarap ng ulam namin today e Sinigang na hipo❤️ paboritong paborito ko ito kayo ba mga kanoise? Anong ulam nyo ngayon? Btw It's Friday and Wala kaming pasok waaa hahah pero magrereview ako para sa exam namin sa Chemistry haysss sobrang sakit sa utak heheh pero atleast may circle of friends ako at mag study together kami 🤗 kaya laban lang! Happy Friday everyone! Keep safe and always smile😁.
Newly Home made honey
Happy Friday, **read.cash**! Kumusta naman ang matamis na pangako na kinain ng honey mo? Masarap ba? https://noise.cash/
Have a great weekend ahead, lovely friends
I stopped the Storm in His Marriage with simple tips.
1987 I had a friend who got married to a very beautiful young lady, it was a very impressive wedding ceremony held over the twelve calendar month in the year.
People who attended the wedding were so impulsive having someone like her but to me, my friend was the luckiest in the world... After a few years of marriage. They had a son and it's a very good fruitful marriage for both.
Cloudy weather.
On a beautiful morning My phone buzzed just besides my pillow I woke up to see who interrupted my sleep,. Well it was My friend, and I answer the calling.he spoke. " hey buddy wake up I have something important to discuss with you .. I had sleepless nights over the time and it's worrisome I need to discuss that with you before you set out for the day" I replied.." Hey will just allowed me to have a 12 more minutes sleep we could discuss that during lunch time..." He insisted well I had to listen to him. He said," My wife have been giving me a sleepiness night plus I had no idea what her behavior looks like this day, She yell at me more often and she's not gotten time for the kid. ." ...I replied him " Elm. Well may be she's get tired after long hour at work and elmm .. she could have gotten some good reasons for that...you know women have funny side of there behavior..just keep cool and get her nice dinner..well I'll talk to you later in the day if you're available. Bye. Buddy
More lightning strike the clouds.
It looks more serious than I thought..my friend stopped eating from home and he sleep in the sitting room mostly.. the wife looks comfortable and happy..I asked within me what the problem could be. I found no answer and of course the husband had no answers to..
On a good evening Frank visited me without noticed" Hey married man you have just risked coming to my home without a notice I'm about going out".. I replied " Well I knew you'd be home this time..elm I'm happy I met you" .. I look straight to his hand and I saw his little son with some logages. I asked" where are you guys traveling to ?. He replied. We're not traveling anywhere we have come to you .. it's not been rosy with us after having our first son ...my wife has turn the house to hell for us. Recently, I got sacked from my job because I got to office often lately because I take care of the kid before I left the house. I don't know what has come over my wife ... she's so lazy disrespectful and dishonest "*( tears rolls from his face I felt pity for him).... Hey Frank it's alright keep cool..relax and stay strong. We will talk about it.
*****Herecomes the Angry storm*****
I have no other advise to tell my friend than to keep loving her from her bad actions ..but he insisted..he wanted to draft a divorced letter and have the son with him.."Hey buddy that's not a good idea with future purpose you don't do that for the sake of your son he's just 4." I said..
I told him. "Look you can have your home back by showing her love in your inconveniences...Smile to every of her bad action..you fight the bull by the horn.. you're a man you just have to go back to that house. That's what you both build .. pray for her..it's a little Storm to get over.
"The Storm is Over"
After few weeks ... He got home His Wife was waiting for him..I'm surprised his wife misses both... He went straight to the room and set the house. Get to laundry and make them through.. his Wife was surprised.. She felt remorseful and got on her kneels began to say sorry to her husband..."The Storm is Over"
@Phorla
