@PeterSchiff Peter, tulips didn’t have laser eyes, a fixed supply, or Saylor buying them with corporate debt. Bitcoin’s not a bubble… it’s the pin. Keep sniffing flowers, we’ll keep stacking sats. 🌷➡️₿😎
A simple life lesson is to avoid all pessimists.
None of them are happy, nor are they successful.
They bring negative energy into your life, they will destroy your investment portfolio, and they will make you dumber.
When you see a pessimist…run away fast!
I had a model 3 performance on order. I was on holiday when it was ready for delivery. They emailed me with a deadline to pay and collect. I emailed back the day before the deadline to say I would sort it that day and they told me it was signed over to someone else (portugal) I bought a Taycan instead.
My view is that buying and holding real estate is not an effective investment strategy in our current economic environment, for a few reasons.
1) Real estate is more interest rate sensitive than it is inflation sensitive, so given our current circumstances it is likely to go down in real terms
2) It is a fixed asset that is easy to tax, which limits its impacts on your ability to diversify
3) Real estate is nailed down, so investing in it makes it more difficult to move money from one place to another
That’s my view, in a nutshell. I’m curious to hear if you agree.
#GovernmentDebt #debt #principles