Is there money to be made by sending this kind of chicken soup?
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山中小树蛙
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The Rational Survival Rules in the Crypto World: Munger Teaches You to Protect Principal, Musk Teaches You to Win the Future
The crypto space has never lacked wealth miracles, yet in this breeding ground for sudden wealth, Buffett and Charlie Munger keep their distance. What is the reason?
Why won’t Buffett & Munger invest in cryptocurrency? In a nutshell:
‘If something has no production value, no cash flow, and relies heavily on emotions and psychological cycles, then we can't judge how much it's worth, and it lacks investability.’
In other words, they are not opposed to ‘new technology’, but rather to speculative products without a foundation of commercial value.
Why won’t Buffett & Munger invest in cryptocurrency? In a nutshell:
‘If something has no production value, no cash flow, and relies heavily on emotions and psychological cycles, then we can't judge how much it's worth, and it lacks investability.’
In other words, they are not opposed to ‘new technology’, but rather to speculative products without a foundation of commercial value.
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