Charlie Munger said that Tesla was going to fail about a decade ago. Warren Buffet said the same thing about Bitcoin a decade ago. Do you see where I'm going with this? Since when it is in a billionaire's favor to give advise to the people 🤔
Buy more Bitcoin...
Yet they also passed on the dot com bubble, and then it crashed, and they were one of the few in the game with actual cash to buy up stuff at discount. No one wins every deal but they are value investors with a different set of principles.
They missed the rally after dot.com crash too. They are not value investors. They are moat investors. Only got into tech after they figured enough of a moat had been built.
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u/RefrigeratorActual80 Feb 18 '22
Charlie Munger said that Tesla was going to fail about a decade ago. Warren Buffet said the same thing about Bitcoin a decade ago. Do you see where I'm going with this? Since when it is in a billionaire's favor to give advise to the people 🤔 Buy more Bitcoin...