As the old joke goes, St. Peter had some bad news for an oil prospector who appeared at the pearly gates of heaven: “You’re qualified for admission,” said St. Peter, “but, as you can see, the section for oil prospectors is packed. There’s no way to fit you in.”
The serial frenzies in meme stocks like GameStop GME, -4.61% and cryptocurrencies like dogecoin DOGEUSD, -11.33% make this a good time to contrast what investors should do from what many seem to do. Comparing Berkshire’s and crypto’s faithful is apt given their outsized followings: an estimated 30 million Americans have traded cryptocurrencies and 30 million are expected to stream this year’s Berkshire virtual annual meeting on May 1.
Relatedly, the Berkshire ideal accepts that it requires decades to build capital and that accumulating wealth entails skill and time — as well as a bit of luck. In contrast are those who strive to get rich quickly — and effortlessly. Today, some investment market players even seem to believe that everyone should be rich, as a matter of entitlement.
For investments within one’s circle of competence, Berkshire adherents appreciate that prices fluctuate widely and no one can predict such volatility. “Mr. Market” is a moody manic, always willing to trade with you at the going price, sometimes elevated, sometimes depressed.
I just like the stonks Dogefather AMCtothemoon GME
Learn to trade the volatility from transparent traders here
As if that situation wasn't sabotaged.
Nobody trusts a news rag with citadel as an owner.
good
Silly Buffett, i don’t think you understand Dogecoin you old fart
Most of us follow the wrong path alot when it comes to money. Look around money is everywhere,just do the right thing, make the right deals and it will come rushing. Foreign exchange markets is a sure way to do that. Just dm me
Investors! There is only ONE the most important thing you need to know about StockMarket - WE ARE IN THE BIGGEST STOCKMARKET BUBBLE IN HISTORY!!! 200% Ratio of StockMarket CAP to GDP!!! SIGNIFICANTLY OVERVALUED!!! DON'T LOSE YOUR MONEY!!!
This StockMarket Bubble would be called FAANG Bubble! Per WarrenBuffett INTRINSIC VALUE formula, based on 2019-2020 annual reports, $FB $AAPL $GOOGL $NFLX are significantly overvalued, but $AMZN is worst of them all - overvalued by 1,150% compare to IntrinsicValue!!!
MIT researchers say you're no safer from Covid indoors at 6 feet or 60 feet in new study challenging social distancing policies -
Marketwatch but who pays u guys? Seems ur extremely obsessed W $GME I mean u even drop news about each point it drops sometimes even before it dips. If u believe the “crowd” investing now knows nothing just remember we can learn at speeds that used to take 10+ yrs to achieve.
If everyone trade only in the circle of their competencies - exchange would not exist. Everyone creates their range of competencies through experience spent on exchanges. All TOP managers are 'competent', but 90% of them are defeated by the market. Competent is the one who earns.
Guys who crash the entire world economy every single decade give advice. cool cool cool cool
Old man is dying please let him live his last years in peace.
Waiting for BuffetCoin to be made