The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
I no alot on here always quote warren buffet.well below is his oponion on bitcoin
Cryptocurrencies basically have no value and they don't produce anything. They don't reproduce, they can't mail you a check, they can't do anything.
"And what you hope is that somebody else comes along and pays you more money for them later on, but then that person's got the problem."
"In terms of value: zero."
February 2020
Source: Insider
Below is bill hates view
I do think people get bought into these manias, who may not have as much money to spare, so I'm not bullish on bitcoin, and my general thought would be that, if you have less money than Elon, you should probably watch out."
February 2021
Source: Insider
I read that many years ago....
Bet he cringes every time he thinks about making that quote :)
He didnt even say it many years ago!!
If you read alot of top money mens views btc is worthless, its just a bubble to keep sucking people in
I gave up following btc religiously in 2017 so I would say he was saying that back at least in 2017.... he probably has repeated it lots of time since then!
You never stop trying do you , lol.
Oil is where the money is at now
Wonder what the price of btc will be when Putin starts takes payment for fuel
Oil & btc
https://youtu.be/xdeRxReHMkg
Good luck with your O&G investments drlong - it's strange you don't seem to post much on those bb's though, preferring to focus your attention on the sectors you aren't enamoured with...
Sound like Warren Buffet is scared of change, why would he want to change if everything works and is making ****loads as is. To be honest he’s probably accumulating in the crypto space like all billionaire fudders I’m on to you suckers
It was during a CNBC interview back in 2015 if I recall correctly.
He’s also never been a believer in gold either. He only invests in revenue generating assets and by his own admission holds on too long on some when he should of divested.
Berkshire Hathaway have underperformed the S&P for over ten years.
Was just looking , he was attacking btc at least since 2014.
Max keiser is a bit of a wally now a days but he's funny when he's ****ging off warren , how many times he's gone bankrupt and the corrupt bankers giving him free money
Warren Buffett comes from a different day and age and speaks for a different crowd than the cryptosphere - monied individuals will be happy if they make their 10-15% returns on what will already be a sizeable portfolio to begin with.
It comes back to lottohopes' great post earlier... many in my age group know that they don't have the same chance and opportunities in life that the baby boomers had, owning property is but a dream to those of us working outside the financial sector and living in the South East/London in particular. If you don't have much to start with are you going to be as concerned about big losses, or excited by small yearly gains?
I'm sure if you learn from the likes of Buffett you will see healthy and consistent returns, value investing has its place, but for the rest of us we are willing to take on what would be considered high risk when we see asymmetric risk/reward - and that's what, at least up til now, bitcoin and the digital asset space has provided.
The financial system as it stands relies on folks working their whole lives, paying high taxes, retirement kicked into the long grass. Whilst the super rich avoid tax. Get access to wealth generation schemes that have barriers for ordinary folks.
Now imagine younger generations not buying into that dream. Not wanting long hours. Arguing EWTD, work life balance etc. Add whole sale automation resulting in job losses. Not wanting a flat for £500,000!! Rejecting debt. Nightmare for those living off the peasants, because suddenly this whole debt enslavement mechanism collapses. It already has, because demographics in the west has changed and the only route to keep ample working age people is/was migration. But general sentiment is anti migration. All in all the riskier assets are going to attract more capital. Because the young aren’t foolish enough to keep buying the overinflated assets that made older generations wealthy. None of this is my observation. It’s general discussions from people like Raoul Pal etc
Invrsst in oil will make you wealthier then investing in a bubble!!
@drlong
"Invrsst in oil will make you wealthier then investing in a bubble!!"
Now there's a sure element of truth in that, but it also depends what you see as a bubble and also your exit strategy. Catching a bubble right and selling out at the right time can make you very wealthy, lottery winning wealthy.
Quite ironically I sold out of Shell at 1300p to invest here, so far I would of done a lot better staying put in Shell but at the time it was dead on its feet just stagnating for ages.
Imo energies will go through the roof,btc no idea as its a pure gamble ,like roulette .
Nothing but nothing will make you richer, quicker than catching a bubble at the right time - especially on Wave Three ...
Agree with the oil shout BTW - I said so many months ago but irrelevant on here other than that's one of the artificially induced inflation instruments that will drive both BTC & Gold sky high from here.
I saw the interview where buffet spoke about bitcoin, he's not a believer because he 'doesn't get it' I have watched different seminars of his and he is quite open about only investing in things he understands, likes to use his farm analogy.
Buffet has no need to invest in btc and has no compulsion to learn about it. He worked for his mo ey and made sine great choices and by his own ommision he made some really bad choices that he kicks himself for today (missed opportunities)
He was good at what he did back in the days, he speaks well and explains things in simple terms.. Still, really not my sort of investor
@I agree. that's why I moved some back to GKP 3 weeks ago.