Good afternoon.
You can either keep telling yourself that Bitcoin has no inherent value, or you can do the work to understand why it does. The choice is yours.
Have a great evening.
@scottmelker@tryarchpublic@TEXASOL61@AP_Abacus It was your results with the futures algo that got me in with Arch Public. Can’t wait to see what your crypto algo with them does - gonna be huge!!!
Here are 10 hard truths that Wall Street doesn't want people to know:
1. The efficient market hypothesis was wrong.
2. There is no such thing as intrinsic value. All value is subjective and relative.
3. Stock market growth is based on currency debasement, not earnings growth.
4. Saving lots of cash is a guaranteed way to lose money.
5. Bonds destroy your investment returns.
6. Investing in basic indexes outperforms almost every hedge fund over the long run.
7. The more you look at your portfolio, the less likely you are to generate attractive returns.
8. Owning a home is almost always more expensive than renting. You should buy a primary home for non-economic reasons.
9. A financial advisors job is to accumulate assets and a stock brokers job is to drive trading volume. Follow their incentive.
10. Bitcoin is the new benchmark for a portfolio. If you can't beat it, you have to buy it.