Where are the bitcoin lovers now?

[Divorced w 3]

I believe he has been sitting in large amounts of cash since 2020/21, granted more now but that has not been a good move.

He was making 80% of his annual return sitting in treasury bills. Why wouldn’t he just keep it there the amount of weight the rest of his equity portfolio had to pull his reduce significantly just by the value made in cash

 

[jaygreenb]

He was making 80% of his annual return sitting in treasury bills. Why wouldn’t he just keep it there the amount of weight the rest of his equity portfolio had to pull his reduce significantly just by the value made in cash

What was his annual return vs other assets/indexes? Tbills did not outperform multiple asset classes or real inflation for that matter.

 

[FlirtLife]

That’s cool and history is littered with the zeroed out account statements of all sorts of great contrarians. If I’m wrong, I’ll sell but remind me again of newtons first law of physics.

Wow, you have no idea what you're talking about.

For others, who might be able to learn something, Warren Buffet's investment skill built Berkshire Hathaway into a $1 trillion (USD) dollar company. He beat the S&P 500 for decades, which is why his company is near the top of the S&P 500 (just below the big tech firms). He buys quality companies at a fair price, and prefers to hold them forever. I'm surprised he even beat the S&P 500 over the past 5 years, despite the S&P 500 doubling from 2019-2021. He deservedly is a legendary investor who has been through market cycles before any of us were born.

Money and investments are not governed by the laws of physics. During the pandemic, trillions of dollars were created - there is no conservation of dollars. Crypto and stock prices can surge and fall based on future expectations - but an object doesn't stop falling until it hits the ground. Pretending the stock market obeys Newton's laws is a very ignorant view that should be rectified by education. An object full of sh!t remains full of sh!t until acted on by knowledge.

 

[BackInTheGame78]

Wow, you have no idea what you're talking about.

For others, who might be able to learn something, Warren Buffet's investment skill built Berkshire Hathaway into a $1 trillion (USD) dollar company. He beat the S&P 500 for decades, which is why his company is near the top of the S&P 500 (just below the big tech firms). He buys quality companies at a fair price, and prefers to hold them forever. I'm surprised he even beat the S&P 500 over the past 5 years, despite the S&P 500 doubling from 2019-2021. He deservedly is a legendary investor who has been through market cycles before any of us were born.

Money and investments are not governed by the laws of physics. During the pandemic, trillions of dollars were created - there is no conservation of dollars. Crypto and stock prices can surge and fall based on future expectations - but an object doesn't stop falling until it hits the ground. Pretending the stock market obeys Newton's laws is a very ignorant view that should be rectified by education. An object full of sh!t remains full of sh!t until acted on by knowledge.

How long before you simply admit you were wrong?

In other words, when do actual real world results start to matter?

I mean, is your ego going to allow that to happen or will you continue to be in denial for the rest of your life?

Since 2011, Bitcoin having an ROI of 9,000,000% versus the stock market's 300% and Gold's 50-60% should get your attention.


The fact that large institutions, banks and the government have declared Bitcoin as a new asset class and are heavily invested and have built divisions around them, spending millions of dollars to do so should let you know that it isn't going away anytime soon.

Psychologically in these situations, people often times cannot admit they were wrong because their ego won't let them and they simply double and triple down on their original thoughts even as it continues to be shown to be more and more wrong.

The question is, will this be you?

 

[Divorced w 3]

Wow, you have no idea what you're talking about.

For others, who might be able to learn something, Warren Buffet's investment skill built Berkshire Hathaway into a $1 trillion (USD) dollar company. He beat the S&P 500 for decades, which is why his company is near the top of the S&P 500 (just below the big tech firms). He buys quality companies at a fair price, and prefers to hold them forever. I'm surprised he even beat the S&P 500 over the past 5 years, despite the S&P 500 doubling from 2019-2021. He deservedly is a legendary investor who has been through market cycles before any of us were born.

Money and investments are not governed by the laws of physics. During the pandemic, trillions of dollars were created - there is no conservation of dollars. Crypto and stock prices can surge and fall based on future expectations - but an object doesn't stop falling until it hits the ground. Pretending the stock market obeys Newton's laws is a very ignorant view that should be rectified by education. An object full of sh!t remains full of sh!t until acted on by knowledge.

So why does Renaissance Tech, the world’s most successful hedge fund, quantitative only, developed out of MIT, far superior to Warren , hire only astrophysicists?

btw , Berkshire Hathaway is absolutely no better than the S&P 500 in terms of performance. When value investing was a thing, when Nixon repealed Bretton Woods, then mergers took off, when Glass Steagal was repealed, he had a great 20 years. He’s just a culture icon now. He is no more or less than that.

 

[jaygreenb]

So why does Renaissance Tech, the world’s most successful hedge fund, quantitative only, developed out of MIT, far superior to Warren , hire only astrophysicists?

btw , Berkshire Hathaway is absolutely no better than the S&P 500 in terms of performance. When value investing was a thing, when Nixon repealed Bretton Woods, then mergers took off, when Glass Steagal was repealed, he had a great 20 years. He’s just a culture icon now. He is no more or less than that.

Could just buy bitcoin and smoke them without the fees, barriers to entry or minimums, I did.

The Case for Bitcoin

Keep track of the macro environment and where Bitcoin sits within it. CaseBitcoin provides key stats, a growing library of the best Bitcoin investment content that makes the case for Bitcoin, and day-to-day coverage of why more and more people are seeking refuge in Bitcoin.

casebitcoin.com

 

[Solomon]

You have to be feeling pretty good with XRP right now, nice work

Hell yes, I was able to take profits on XRP I've been DCAing since $0.20 cents will continue to buy the dips
But yeah it feels good to finnally take some real profit. It's gonna be a good Christmas!!!!

 

[Divorced w 3]

Could just buy bitcoin and smoke them without the fees, barriers to entry or minimums, I did.

The Case for Bitcoin

Keep track of the macro environment and where Bitcoin sits within it. CaseBitcoin provides key stats, a growing library of the best Bitcoin investment content that makes the case for Bitcoin, and day-to-day coverage of why more and more people are seeking refuge in Bitcoin.

casebitcoin.com

But not risk managed

 

[BackInTheGame78]

Hell yes, I was able to take profits on XRP I've been DCAing since $0.20 cents will continue to buy the dips
But yeah it feels good to finnally take some real profit. It's gonna be a good Christmas!!!!

Altcoin season is going to be mind bending when it happens. I am loaded up and have been staking and restaking the earned ones.

Once BTC.D starts going down after peaking then you know the money will start flowing into Alts. Right now BTC.D is like a runaway freight train heading towards 70%....currently at like 61.5% and showing no signs of slowing down.

 

[BackInTheGame78]

But not risk managed

How risk managed are companies that declare bankruptcy and whose stocks become worthless virtually overnight?

 

[Divorced w 3]

How risk managed are companies that declare bankruptcy and whose stocks become worthless virtually overnight?

When you own a fraction of a portfolio and then cut losses quickly it’s okay to spread bets out. I am not anti crypto.

 

[jaygreenb]

Hell yes, I was able to take profits on XRP I've been DCAing since $0.20 cents will continue to buy the dips
But yeah it feels good to finnally take some real profit. It's gonna be a good Christmas!!!!

That's awesome man, feels good when a plan comes together

But not risk managed

Different types of risks going the other way too

 

[FlirtLife]

How long before you simply admit you were wrong?

In other words, when do actual real world results start to matter?

I mean, is your ego going to allow that to happen or will you continue to be in denial for the rest of your life?

Since 2011, Bitcoin having an ROI of 9,000,000% versus the stock market's 300% and Gold's 50-60% should get your attention.


The fact that large institutions, banks and the government have declared Bitcoin as a new asset class and are heavily invested and have built divisions around them, spending millions of dollars to do so should let you know that it isn't going away anytime soon.

Psychologically in these situations, people often times cannot admit they were wrong because their ego won't let them and they simply double and triple down on their original thoughts even as it continues to be shown to be more and more wrong.

The question is, will this be you?

Please quote my post, where I made the claim you're discussing.

 

[Solomon]

adding more Shiba inu to my bag, looking at the charts a break out is imminent any day. It's a easy 10X-30X play

Cheers

 

[Divorced w 3]

That's awesome man, feels good when a plan comes together

Different types of risks going the other way too

There’s a little more to it than that for instance, let’s say you’ve got volatility in a strategy like that that has 20% of the volatility typical to the stock market over 10 years but you return profile on that strategy is half of that of the stock market as you can see It’s a superior strategy on a risk adjusted basis so if you have something like that and take some leverage, and now you bring it to within striking distance of the volatility of the market you should thereby be out, performing the market on risk adjusted basis and when you compound More effectively because you’re getting similar returns in a less volatile way, ie compounding more effectively ,Your account will actually outperform the benchmark overtime based off of reduced volatility on a similar returning asset. And before you tell me that you shouldn’t have to do this with leverage go tell that to any company whatsoever that ever issued debt in order to expand its business operations.

 

[jaygreenb]

There’s a little more to it than that for instance, let’s say you’ve got volatility in a strategy like that that has 20% of the volatility typical to the stock market over 10 years but you return profile on that strategy is half of that of the stock market as you can see It’s a superior strategy on a risk adjusted basis so if you have something like that and take some leverage, and now you bring it to within striking distance of the volatility of the market you should thereby be out, performing the market on risk adjusted basis and when you compound More effectively because you’re getting similar returns in a less volatile way, ie compounding more effectively ,Your account will actually outperform the benchmark overtime based off of reduced volatility on a similar returning asset. And before you tell me that you shouldn’t have to do this with leverage go tell that to any company whatsoever that ever issued debt in order to expand its business operations.

I understand what you are saying but I am talking about different types of risks that I personally consider more relevant, maybe you do not. This is also the best performing hedge fund in the world with most likely extremely high minimums that very few people even have access too, so moot point for 99.9%+ of the population including yourself. This is also not the normal performance of a fund using these strategies. The net of this strategy also did not outperform just owning bitcoin, which everyone has access too. If you had a time machine, just owning bitcoin would be the superior choice. Have meetings all day but here are a few

-Bitcoin is liquid 24/7 in any currency, it is the most liquid asset in the world, a hedge fund is not that often needs to unwind positions to take money out or there time are requirements. If you need personal liquidity quickly, bitcoin allows you to access

-If a govt or regulator decides they no longer want you to have access to this money they can freeze your account

-Everyone of those company hedge fund company positions in reliant on the company stays sovlent, CEO doesn't go off deep end, custodians don't go belly up, a competitor doesn't out compete and many other variables

 

[Divorced w 3]

I understand what you are saying but I am talking about different types of risks that I personally consider more relevant, maybe you do not. This is also the best performing hedge fund in the world with most likely extremely high minimums that very few people even have access too, so moot point for 99.9%+ of the population including yourself. This is also not the normal performance of a fund using these strategies. The net of this strategy also did not outperform just owning bitcoin, which everyone has access too. If you had a time machine, just owning bitcoin would be the superior choice. Have meetings all day but here are a few

-Bitcoin is liquid 24/7 in any currency, it is the most liquid asset in the world, a hedge fund is not that often needs to unwind positions to take money out or there time are requirements. If you need personal liquidity quickly, bitcoin allows you to access

-If a govt or regulator decides they no longer want you to have access to this money they can freeze your account

-Everyone of those company hedge fund company positions in reliant on the company stays sovlent, CEO doesn't go off deep end, custodians don't go belly up, a competitor doesn't out compete and many other variables

Check yourself. Jim Simons ran this fund for 40 years, bitcoin is 13 years old. ignroance and hubris are the biggest risk of all. Give it a few.

also I am out of MSTR @ 371.75

 

[FlirtLife]

So why does Renaissance Tech, the world’s most successful hedge fund, quantitative only, developed out of MIT, far superior to Warren , hire only astrophysicists?

Check your sources - that's false. They have "90 PhDs in mathematics, physics, computer science, and related fields", not just "astrophysicists" as you claim.

About - Renaissance Technologies

www.rentec.com

If you are a momentum investor, just say that. Momentum investors do not rely to "Newton's first law" like you do. Investing is far more speculative than the laws of physics, so that is still a very ignorant claim to make - and one you have not admitted is wrong.

btw , Berkshire Hathaway is absolutely no better than the S&P 500 in terms of performance.

To claim Berkshire isn't beating the S&P 500, you have to limit yourself to only 10 and 15 year performance. Berkshire Hathaway does better than the S&P 500 during crashes, like 2007-2009. From Nov 2009 to now, the S&P 500 has pulled ahead by 0.2%/year. But if you look back 20, 30 or 50 years, Berkshire is ahead. If you look at the past 3 or 5 years, Berkshire is ahead.

 

[Divorced w 3]

Check your sources - that's false. They have "90 PhDs in mathematics, physics, computer science, and related fields", not just "astrophysicists" as you claim.

About - Renaissance Technologies

www.rentec.com

If you are a momentum investor, just say that. Momentum investors do not rely to "Newton's first law" like you do. Investing is far more speculative than the laws of physics, so that is still a very ignorant claim to make - and one you have not admitted is wrong.



To claim Berkshire isn't beating the S&P 500, you have to limit yourself to only 10 and 15 year performance. Berkshire Hathaway does better than the S&P 500 during crashes, like 2007-2009. From Nov 2009 to now, the S&P 500 has pulled ahead by 0.2%/year. But if you look back 20, 30 or 50 years, Berkshire is ahead. If you look at the past 3 or 5 years, Berkshire is ahead.

If you say so. I haven’t looked except the other week it didn’t appear BRK/B was any better than the Spx.

That doesn’t change the fact that Simons smoked Buffett like a blunt over that time period. It’s just that he didn’t go through the McDonald’s every morning and order a Big Mac and a coke and puff his book on cnbc twice a month while doing it

 

[jaygreenb]

Check yourself. Jim Simons ran this fund for 40 years, bitcoin is 13 years old. ignroance and hubris are the biggest risk of all. Give it a few.

also I am out of MSTR @ 371.75

Check yourself, there was nothing arrogant about that message, I stated what risks I also consider and a fund like that isn't accessible to most. Your insecurity and false confidence is getting the best of you. You talking about ignorance and hubris is comical considering you speak with so much confidence on a topic you admittedly know nothing about.