NP here: Buffet's cash pile is growing faster than he spends it on buying businesses. It is, in fact, just sitting there in Treasuries.
|
I’m definitely not, buddy, or we wouldn’t be on here talking about profiting from capitalism. What I am is critical, objective and skeptical about an overall bullish narrative. That’s better than being a wide-eyed cult member with dunning Kruger syndrome, I guess. You probably are happy with the overall state of things which is tragically comical. |
Do you think this article supports the OP's assertion that he can beat the market via market timing? |
|
Tuesday at 8pm is either going to be the end of the war or the beginning of the depression. That is no exaggeration.
If Iran doesn't surrender, they will destroy the refineries of Qatar. Trump has made it clear they won't get a second chance to strike back. 40% of the world's raw materials and energy, including fertilizer gone. In such a situation sitting in anything but cash seems like idiocy. |
Op here. Yep. Hence why I started this thread. I left equities a month ago knowing this was no ordinary time. I got out of I fund and into G fund. If I was wrong oh nooo I miss a month of stock gains and most likely jump back in to I fund. If I am right about worldwide oil issues and extended turmoil and scary sht then stocks will most likely tumble super hard and that’s what I was scared of. I guess we will see tomorrow what commander in chief chooses for the world. |
I think OP is joining Buffet’s bandwagon. It’s very clear that BH has been profit taking because they are very worried about over heated valuations and geopolitical risks. BH is fairly illiquid and can’t sell quickly (unlike OP) without tanking its own investments. Anyways, I’m now about 65% G fund as of today. |
Like all of the other "deadlines", it'll be another TACO day. |
I am also sitting on a healthy amount of cash (G Fund, hello!) but cash can (and will) be printed and the money printers will be running at full-tilt if things go south in the Persian Gulf. Therefore, sitting on hard assets like gold and bitcoin, in addition to a healthy cash position, makes sense to me. (Of course, I'm also holding my real estate investments, but those are long-term assets that I can't easily exit anyway in response to sudden events like this insane war.) |
bitcoin... hard asset?! Ha. |
Yeah this thread is getting dumber by the post as what typically happens on these longer threads. |
It's much harder than my "U.S. Dollar" coin, which can and will be printed to infinity. Weimar, anyone? I hope you've got a wheelbarrow ... |
Oh man - you're one of those crazies. |
Yeah. I mean, it's not like it's ever happened in history, where a highly functional, civilized nation with a strong economy completely collapsed and its currency became worthless and its government run by a madman elected by the people. I'm just imagining things lol. |
I think that poster is equating bitcoin to a defensive asset like gold. I think they are right that in can almost be seen in that light. I was a holder of FBTC and still think Bitcoin will be around forever. I do see it crashing up and down price wise, as usual. But it’s so ingrained in our financial universe that it won’t disappear. It’ll probably show up in 30 years and be worth a billion a coin or something. I mean it’s in pension funds now. It’s all over the place. Either way, if I bought any more it would only be Bitcoin stocks and only then when it was at like $20k a coin or less. |
Yes and when that happened everyone moved to a buttcoin? |