/biz/ - Business & Finance

it's just a gully, keep holding and buying

Stop buying crypto.

>>10851060
fear me i am the ketchup man

Buy the index nigger.

Will the stock market ever stop increasing?

Should I adopt his philosophy and listen to him as my sage and master?

/biz/poors BTFO by based Buffet.
>"If you buy something like bitcoin or some cryptocurrency, you don't have anything that is producing anything," Buffett says in an interview with Yahoo Finance. "You're just hoping the next guy pays more. And you only feel you'll find the next guy to pay more if he thinks he's going to find someone that's going to pay more.
>"You aren't investing when you do that, you're speculating."
>"If you buy something [like] a farm, an apartment house or an interest in a business and look to the asset itself to determine whether you've done something — what the farm produces, what the business earns ... it's a perfectly satisfactory investment," Buffett explains to Yahoo Finance. "You look at the investment itself to deliver the return to you.
>"If you ban trading in farms, you could still buy farms, and have a perfectly decent investment," Buffett says.
>Bitcoin, however, only increases in value by being bought and sold, he argues. Its value comes from what people are willing to pay.
>"[I]f you ban trading in ... bitcoin, which nobody knows exactly what it is, people would say, 'Well why in the world would I buy it?'"
Inb4 no arguments and just the word boomer as a slur.