Is Warren Buffett Right About Cryptocurrency?
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- เผยแพร่เมื่อ 16 พ.ย. 2022
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Warren Buffett and Charlie Munger's presentations at the Berkshire AGMs always remind me of Statler & Waldorf from The Muppets.
"Money is never lost, it just goes from one person's pocket to another person's pocket."
True. But it is really important whose pocket it is leaving and whose it is going to.
Don that is a great point. It's now worth 100k per coin but you can't take it out, till we say ? Neal
Remember when Heath Ledger's joker just burned that enormous pile of cash though?
That's not true at all. Money is not fixed.
The law of “Conservation of Money”.
"A Broke persons home is full of good deals."
George is taking over the show! I’m here for it! Smart, quick witted and funny!
As long as it’s not overbearing obnoxious pretending-to-be-nice John, it’s not bad.
Yes! He's becoming my favorite of the "personalities." Like Dave except not curmudgeonly.🤣
Elsa J you are obviously George making fake accounts to compliment himself. PROVE ME WRONG
@@samuelstrachan2726 lol
Well this didn’t age well
Never keep your money on an exchange, that is how you lose it.
Lol this isn't the first exchange to flop it just the biggest one so far. There's the south African holding company that stole about 250million.
I've watched every shingle annual meeting these two have done- You get so much wisdom from these two!
I disagree. They can barely speak at a reasonable pace these days
@@strchild3 What does how they speak have anything to do with wisdom- remember Stephen Hawkins?? I just pray that at almost 100 I can speak and be as coherent as them and still be able to do billion dollar investments, and run a company worth almost a trillion dollars- not sure how they speak at this age has anything to do with wisdom ????
I hope they received their shingle shots.
The emperor has no clothes. It's like George said, "The next big thing will be an NFT of a time share. It's a sense of ownership of a sense of ownership."
the way he says "told you so" at the end lol
Lol cryptocurrency is the future. Best investment i ever made.
What stood out to me is gambling!
I was having a drink in a bar and someone came up to me with scratch off tickets they just purchased and said I’m looking to pay my car payment
What made it more crazy they were serious because they asked why I was laughing
Concour
A Jimmy and Warren Buffet concert /interview would be great
Having inexpensive hobbies is great advice!
My dad once said find a hobby you like and can make money too. Mine was in radio control aircraft. Got to test models worth hundreds, access to the latest equipment and not only got paid for it. I also was able to get hold of a lot discontinued items and sold them on eBay.
It's funny they left out that what drove ftx to bankruptcy is lending customer assets, just like every bank in the world.
It's a bank upgrade in itself! Certain features are added and certain procedures are eliminated
Was literally a replica of what banks do except banks get bailed out when it goes wrong. See what happens if every customer of a bank tomorrow morning ask for their money back....
The largest financial institutions like Blackrock and Fidelity are now dumping all their money in BTC and all the big banks are now partnering with crypto companies...just ganna leave it at that
Hey man lol. I know this is primarily a personal finance show, but don't forget to mention the importance of getting involved with a great business model and playing a critical role in it. That's how our personal incomes grow!
love the Powerball and lightning comparison...
Ramsey thanks for the information, I WILL LOVE TO KNOW ABOUT $PAW
One of the wisest men to ever walk the planet!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
I had put in a few hundred into DOGE before it was over a penny but I ended up pulling back out at $200 profit. I could have held onto it longer and made more but I could have also lost it all like FTX clients
Doesn't seem to have a stability
So you bought high and sold low? That's a losing strategy for any investment lol.
@@ec5657 No. I told you I sold at $200 profit
Thanks for the video Ramsey. I will employ you to explore more on $PAW
Like these reaction videos, please keep them going 👍🏼
This was good and hilarious!
We say Alameda different here out west. Wonder how they say it in HK?
I drive a 2004 Grand Prix in average shape for a car with 240k miles, I wear t shirts and jeans, all purchased at Walmart. I live in a 1200 square foot home and I wear work boots everyday. But my income is $130k+. I'm not saying I'm rich or anything but I see so many people who earn half as much as me with the huge house, new BMW/Mercedes, Prada and Gucci. None of that matters unless you're trying to impress people who you probably aren't even friends with and who you don't even like. But of course, everyone has their own ideas on how to live their own lives so more power to them.
I agree, but a huge house is an appreciating asset generally. It is not the same as having luxury items that go down in value.
Charlie’s best quote
Definitely top 10.
Words of wisdom. Love it!
Ha ha. What's up T?
Surely buffet recognises that quantative easing has weakened his assets and perhaps doesnt understand that this cant happen with crypto
Oh it can.
George is such a great personality!!!
Selling magic beans still works apparently
meanwhile regular beans have actual use, and magical beans are usually just regular beans.
Thanks for sharing this information,$PAW is to the moooon
This aged like fine wine....!
Not really. ;)
The blockchain technology is super useful, but not really for making money the way people think they will now. Reputable companies may start producing websites using the technology and it’s just a newer form of open source where the community can contribute and has some ownership
Blockchains real value is storing information. Not financial.
Isnn't that what stocks and bonds do? "The community can contribute and has some ownership"?
@@diceportz7107 it’s about the information, not the money. Open source is normally completely free but the community contributes to it therefore has a sense of ownership
@@diceportz7107 You cannot store information in a stock or bond.
@@tylersanders2388 And which stock do you own that does not give you access to the company information?
Warren doesn’t invest in tech period. He says he doesn’t invest in things he doesn’t understand. So not exactly advice.
Not investing in things you don't understand sounds like pretty good advice to me...
Sounds like you don't understand that buying tokens is not investing in tech. Buying tech stocks is investing in tech.
And FTX declared bankruptcy 😂🤣
Not Bitcoin FTX is a company yes crypto the alt coins are bad Bitcoin is now over 40k thank you for believing in what a dinosaur is saying who has no idea about technology I appreciate it! I get to keep buying at these low prices and yes even now are LOW lol have fun when you miss out on one of the greatest assets in life I wonder how Michael Saylor feels about to become the wealthiest man and the most wealthy company in the world give it a couple more years ;)
I'm a buffet fanboy but don't act like he's the model for enjoying life. He's a boring old dude who plays bridge... If you want to enjoy life living within your means and riding motorcycles or skateboarding or base jumping or rock climbing do it up. They are investments in life. Get into things that interest you not what interested a boring dude from Nebraska
Wise men
yes i too hated turtlenecks until I was watching a LetterKenny episode one time and somebody asked Jared Keeso’s character why he always wears a turtleneck and he goes, yah lose a lot of heat in the neck😅. Hahaha and I realized that it was a true statement even thougu it is a fictional raunchy comedy. And so now I love turtlenecks. Don’t own any because I live in a warm region. But if I ever live in a really cold place like Canada I will definitely get turtlenecks.
the Australia ASX cancelled its blockchain project after spending $170M.
Just live within your means.
I couldn’t agree more…
I'm legit having beans and rice while watching this, and I had to chuckle a bit when Kristina mentioned it.
He predicted bankman-fried in 2018 😂
And his bankruptcy. 😂
I love rice and beans.
I have a friend buying crypto for retirement. I don't know how to talk to her.
I wonder if anyone on the Ramsey team has ever thought of reading "The Bitcoin Standard" just to see what it is about.
I would kick it with Buffet 😎
Great stuff! Love these two ❤
Is the bank an exchange?
This has aged about as well as Dave's gold and silver advice. Wrong on all three.
Dave doesn't understand the properties of money and what makes some money more hard than other money
mutual funds down 30-60%, let's not talk about this little fact lol
Charlie has poetic license. Love this guy.
Where is this list yall are reading
Never trusted bit coins etc.
Can’t wait for this to age like milk, and the memes and reels that will come from it
So you think that they're going to the moon then?
Yes, I can't wait for cryptocurrency to age like milk.
Are you playing the lottery of cryptocurrency?
Realisation will kick in at some stage, if it hasn't already, and you will be shouting ''where's my money gone?''.
People are still thinking in the Stone Age of using banks, credit cards, and losing their money in the fiat system smh 🤦♂️
Low cost Indexing is better than mutual funds. If you are looking to diversify trust a dart throwing monkey more than a thinking human- difference is that monkey doesn't have an agenda whereas a human does.
Great video!
Warren Buffet doesn't cliip coupons, that's an aprophrical
I like warren buffet,but just because you don’t fully understand the investment,doesn’t mean,it’s a bad investment..I invested in many projects I didn’t fully understand,but I definitely made a profit..warren Buffet didn’t invest in Microsoft,because he didn’t understand it….
I wanna know where dude got that jacket
FTX collapse actually highlights the flaws with traditional banks
Yes because its the same concept, keep only a fraction of what you took from people and loan the balance.
yes
If you don't hold it you don't own it!
Most cryptos are a losing proposition, but there are a few that are going to make alot of people a ton, I'm not into it. But I don't think you can just say "crypto" and think it's all the same
You are correct sir, and if you choose to invest in crypto for God sakes keep it off the exchanges!
Lobster is a giant sea spider- Jim G.
"be a crockpot in a world full of microwaves" yessss!! 💓🤗
Lol these guys have such a bad take on everything. Buy a wallet and be safe.
What's up with George and his hate for Android? It's obvious he doesn't know anything about tech
Like most people. I don't like apple for it's proprietariness. I like to tweak my gadgets that I paid for, the way I feel like. Plus, it's way overpriced
The video is amazing, I really think that the cryptos will rise as well as $paw that we will soon see him at the top
Buffet's opinion is not totally right, but ha e you consider trading $PAW it is paying heavily
I’m staying in tulip bulbs!!!
Hodl
metal detecting hobby...very inexpensive hobby, $200. you're in and use rechargeable batteries.... you can go decades for zero dollar cost actually making good money with coins and treasures... until you get mugged....make sure you don't carry a wallet in the field.
This didn't age well.
"Rat poison squared"
Football is a tax on both ignorance and spirituality. Good one.
BRO WHY ARE YOU NOT TALKING ABOUT $AMCT20
Talks trash on crypto and blockchain yet refuses to bring anyone on the show that can educate them. Sad.
FTX and Block Fi blow up! Ha.
Simplifying your life 💯 praise Buffet for that way of living is the best way to live..
Thank you for the insight. I'm Holder of $Paw @Paw digital
@Theramseyshow check your comments for scammers
Buy Stellar!!!!
Yep, the lottery is a tax on the poor!
A lot of poor don’t “pay the lottery”. Lottery is “not mandatory” .
It is not a Tax.
I wonder what kind of tax you think it is when your money gets inflated away by the fed printing press.
$AMCT20
Well I don’t want to spend eight hours making popcorn.
Thanks for the video, next video should be about $paw, the community are great and this could be the next doge coin..
Their commentary is 100% correct.
should you sell a little of $AMCT20 when you start to make a profit or just hold?
You say that but I already know imma win the lottery in 2023
lol, are you serious?
Listen to your elders
He also does not have a Tesla, so take that hosts.
ALMOST NOBODY DOES....????
These people on this show are absolutely confident and happy in their ignorance..
$PAW IS LAYING SPECIAL FOUNDATION RHAT WILL LEAD TO SOMETHING HUGE
BUY $PAW NOW
I can't believe men of the this caliber would even ingest McDonald's.
AMZ to the moon
Do your research before buying an RV from his company Forest River
Bob, do your research before buying any RV. Or for that matter if someone offers to give u an rv. Boats are bad but nothing depreciates like an RV and costs as much to repair annually vs actual value.
Thanks for the video❤, But in $PAW I'll stake all my $PAW because the APR is high and reward automatically sent to my wallet.
Does Rose Kennedy own a black dress?
Americans sure are weird about iPhones...
Blockchain doesn't equal cryptocurrencies!
There's nothing stopping companies from using blockchain!