Bitcoin

Out of context: Reply #1946

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• jonny_quest_lives6

  "Nothing sedates rationality like large doses of effortless money. After a heady experience of that kind, normally sensible people drift into behavior akin to that of Cinderella at the ball. They know that overstaying the festivities - that is, continuing to speculate in companies that have gigantic valuations relative to the cash they are likely to generate in the future - will eventually bring on pumpkins and mice. But they nevertheless hate to miss a single minute of what is one helluva party. Therefore, the giddy participants all plan to leave just seconds before midnight. There’s a problem, though: They are dancing in a room in which the clocks have no hands."-Warren Buffett 2000 Berkshire Hathaway Annual Report

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  • this starts with: The line separating investment and speculation, which is never bright and clear, becomes blurred still further when..sted
  • when most market participants have recently enjoyed triumphs.sted
  • cross-post this to the stock of the day threadsarahfailin
  • Bitcoin is basically a cult...grafician

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