to make money quick. So to me, when I hear of a doctor friend who has made six figures trading bitcoin, Im envious but also terrified. Ive heard of stories of people meeting in a starbucks to exchange bitcoins off the official exchange mechanisms because they hope to avoid taxes on the sale of their bitcoins. Sites like Silk Road thrived on crypto-currency, and Im sure countless drug and sex trafficking schemes have Bitcoin at the center of their model. By using Twitters services you agree to our. 1 m The Outsiders Who Foresaw The Subprime Crisis: NPR Paulson Subprime Plan Offers Little Aid, Analysts Say Standard Poors, Moodys come under fire Aug.
I went on a college reunion trip a few months back. Whenever I hear the term make money quick it honestly scares the shit out. I certainly view volatility as my friend; volatility is on sale because 99 of the institutions out there are doing their best to avoid. Many people who tried to play the real estate game instead got saddled with enormous amounts of debt. The only reason those numbers look so good is because Bitcoin jumped from 1100 to over 2200 in a ridiculously short amount of time. Theyre going to want to tax bitcoin and people hiding income through it to pay for social safety net and defense programs. Physicians had their hands all over. Real estate, the only way to wealth right?
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Doctors Love to Get Involved in Dangerous Frothy Markets. Hes extremely bright, but hes a doctor. Physicians tend to have disposable income and have the intelligence to research whatever the latest fad. So I realized, oh, people are reading this.» «I started getting paid a dollar a word to write, which was I didnt have a lot of money, and I was actually in a lot of debt. Or maybe hes one in the next several thousand doctors who always seem to make a decent amount of money riding up a bubble and then by their presence in the market confirm that the value has lost touch with reality. They are, adjusted for inflation, those with shrinking intrinsic value, those with approximately stable intrinsic value, and those with steadily growing intrinsic value.
A great collection of Burry articles and video Michael Burry: Notes from Vanderbilt Speech Joel Greenblatt: The Big Secret For Value Investors (Presentation From Value Investing Congress) Fund Star from Crisis Looks to Raise Money Again This Is The Photo Hedge Fund Manager Michael. Crypto-currency is a Great Idea, Until Governments Realize theyre Losing a Ton of Tax Revenue and Allowing Illegal Activity. I do not seek out investments of which I am unsure. It is likely, however, that the investors in the habit of overturning the most stones will find the most success. One hedges when one is unsure.