Greater Fool Theory
Stocks produce earnings. Bonds pay interest. Property earns rent.
Bitcoin produces no cash flow. Your profit requires someone later to pay more.
That’s the greater-fool theory with better branding. #bitcoin@btc#nft
@realDonaldTrump Trump’s children could legally hold substantial, under-5%, $FNMA positions without any public filing, provided the holdings truly belong to them and they do not hold covered federal positions. Same with @pulte kids and family.
@realDonaldTrump and family may not own $FNMA shares directly, but they don’t have to. @BillAckman and other money managers will write Trump and family any check they want when Fannie and Freddie are released. Insider trading has loop holes, especially for the rich and wealthy.
Americans showed they had the common sense of earthworms during Covid. Reversion to the mean is happening again, $FNMA and $FMCC is going to be up-listed and you’ll witness a tremendous transfer of wealth from government to corporations and individuals, just like Covid days. #fyp
It’s happening, $fnma —-> @nyse but insiders will try to tank the stock to get more shares. Look at how $CELH tanked after earnings and then new management and activism emerged within a day. Stock market is manipulated and the more money you have the better you can do it.
Funny how actors and athletes thank God when they win, while hedge-fund managers thank research, discipline, and hard work. Religion is for the weak. @God
Warren Buffett and Charlie Munger called $BTC “rat poison.”
They don’t invest in what they don’t understand and apparently, they don’t invest in rat poison either.
Gotta respect the consistency.
#Bitcoin#Investing#buffet#munger
If you want to become rich, ask yourself what rich is to you. Rich means a lot of different things. Wealth is freedom. Rich is a grind. #rich vs #wealth