That's mostly because 0.5% of their net worth is something completely insignificant.
That's mostly because 0.5% of their net worth is something completely insignificant. Graham talks about this problem in "The Intelligent Investor", about how active management of assets is actually not suitable for most people, either because they have too little capital to make any difference or too little time to get good at it. On the other hand, a billionaire not committing 0.5% (or more) of their net worth to Bitcoin is passing on a potentially very lucrative put option on the global financial system. Also, there are "safer" / "more classic" way to buy such puts, gold bullion works wonders in times of severe disruption, and I don't think it's unreasonable to commit 5-10% of your capital to gold, almost regardless of personal situation and net worth levels. Of course you never know when the next "Executive Order 6102" happens, but there's kind of no good solution for that :( (all of the above are personal opinions, feel free to disagree as much as you like)
Posted by H8crilA on Oct 31, 2020, 3:58 PM
Tags
Related issues
- > Because they don't believe the disasters were inflicted by them.
- Hehe, yeah I'm not sure when John Stewart would have worked there or what the pain points were for him, but he worked there for a bit.
- https://www.apple.com/shop/product/mxcl3ll/a/magic-keyboard-...
- If first-order hybrids made up only a small proportion of the total population of humans and Neanderthals, then the probability that a pa...
- Well, I'd be interested to hear what some of those nuances are, personally.
- My biggest Amazon annoyance.
Raise real-world problems, find people facing the same issue, and discuss solutions.3,000 issues0 comments
hackernews (E-commerce)
> Because they don't believe the disasters were inflicted by them.
Hehe, yeah I'm not sure when John Stewart would have worked there or what the pain points were for him, but he worked there for a bit.
https://www.apple.com/shop/product/mxcl3ll/a/magic-keyboard-...
If first-order hybrids made up only a small proportion of the total population of humans and Neanderthals, then the probability that a pa...
Well, I'd be interested to hear what some of those nuances are, personally.
My biggest Amazon annoyance.
> There's not really an unmet need for innovation in broadband delivery; the issue is running new wires broadband has costs, and in a lot...
Speaking of Amazon's account process, I have a really annoying problem with theirs.
That's mostly because 0.5% of their net worth is something completely insignificant.
That's mostly because 0.5% of their net worth is something completely insignificant. Graham talks about this problem in "The Intelligent Investor", about how active management of assets is actually not suitable for most people, either because they have too little capital to make any difference or too little time to get good at it. On the other hand, a billionaire not committing 0.5% (or more) of their net worth to Bitcoin is passing on a potentially very lucrative put option on the global financial system. Also, there are "safer" / "more classic" way to buy such puts, gold bullion works wonders in times of severe disruption, and I don't think it's unreasonable to commit 5-10% of your capital to gold, almost regardless of personal situation and net worth levels. Of course you never know when the next "Executive Order 6102" happens, but there's kind of no good solution for that :( (all of the above are personal opinions, feel free to disagree as much as you like)
Comments (0)
No comments yet. Start the discussion.