4 ms·

Yeah, but if you ignored that advice when the hype was about Bitcoin hitting $10, you'd be rich right now.

• ekianjo 13y ago
  Yup, stupid advice indeed. You can't predict what's going to happen, so in the end it really depends on the case. You could find many counter examples to this quote.
  • jmduke 13y ago
    The underlying idea behind the quote (and much of Buffett's investment strategy) is that its inherently a bad idea to invest in something when you can't predict what's going to happen.
    • ekianjo 13y ago
      That's why I am saying it's stupid. Nobody can predict anything, as best you can assume that it will go this way or that way, but that's it. The only exception may be if you are buying bonds (and even that, you never know if the bond issuer goes bankrupt in the meantime...). There's always SOME amount of risk when you invest in something. If there was no risk then everyone would invest in the same place and be rich.
• dllthomas 13y ago
  If you sold right now.