by Travis Johnson, Stock Gumshoe | December 1, 2017 6:47 pm
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And no, it’s not responsible to be calling Boston Omaha a “Baby Berkshire” … though I imagine some folks will be doing just that before too long. Resist the urge!
Not sure why with Bitcoin, etc., investors with gigantic gains would not just pull out their cash investment plus a modest return and let the rest ride unless they need the money. The potential upside outweighs the risk of losing paper profits, IMO. For my part I’m letting it all ride and won’t shed too many tears if I lose it. There is real shared value in faith, freedom, and independence from central banks, but yes, it may evaporate quickly under certain circumstances.
Youre not going to sell half of bitcoin?
#TJ, Keepin’ Up wiff U is a ft job, in and of itself. 🙂
Really enjoyed the light blue font against the forest green links this early a.m.;
seemed to have a calming effect, eazy on the eyez & quite professional in appearance, #imho.
Everyone knowz, I’m addicted to this fine Gummunity; perhaps I should consult Rick 🙂
Have some wonderful holidays and beyond all! Best2YOU SoGiAm, @H0U3 #zKSS
Travis The cumulative total f TU under the avatar is not changing with new TU
Many things will fail briefly as we update and fix code incompatibilities, thanks for your patience.
Travis — instead of Naspers as a backdoor to Tencent why not buy TCEHY directly
like I did this week for around $48+ per share (down from $53+) ?
That’s reasonable as well, if you like the growth prospects — it’s just that buying through Naspers is so much cheaper that it’s hard to choose the more expensive access to the shares.
One interesting note about Boston Omaha is that one of the heads is the grandson of Warren Buffet himself.
Yes, both founders have been rumored to have Berkshire connections — one is the grandnephew of Warren, the other was rumored to be from a family that invested early in the Berkshire partnership (though that seems not to have been backed up with any actual facts). Not sure whether that’s good or bad in the end, since they’ll have to stand on their own, but they certainly have a good example to emulate. The founders/CEOs themselves have claimed no connection to Berkshire, nor any direct guidance from Buffett, though the filings make clear that they consider Berkshire’s investor communications to be worth emulating.
have you heard of debt jubilee and what would you think a stock stagity should be??
I guess it depends on what kind of jubilee you’re talking about. Jubilee just means a forgiveness of private debts, at least in the historical and biblical sense.
I don’t have a strategy for a real jubilee where all private debts are canceled. Most stock-valuation models would fall apart if there were no rational bond return to compare them to, and the debt market is far larger than the stock market.
Debt on the sovereign level has evoked from being something that is repaid to something where the principal can never be repaid, so we’re essentially already partway to a jubilee there — but since we’ve been dealing with that by gradually devaluing currencies there’s no one point at which that has to stop working.
So… no strategy, and I have no capacity to predict the fluctuations of the global financial system or any big picture “black swan” events like a widespread “jubilee”, so I spend my brainpower on things I might more reasonably understand and be able to forecast… and I generally use “hard assets” in either physical form or stock form to provide some diversification to moderate the impact of continuing currency devaluation.
So now Porter Stansberry is pushing his new book “American Jubilee” and predicting a near-term total debt forgiveness in America apparently to be financed by taking away everybody’s 401(k) and cash savings accounts. Of course, the sky is always falling at Stansberry Research. Any thoughts from the Thinkolater?
Something dramatic like that could theoretically happen, I suppose… though I expect it would be sometime after all the politicians decide they’re no longer interested in being re-elected.
Travis, the ‘Jubilee’ doesn’t have to be 100 percent. A Jubilee Reset could be a 20 or 30 percent ‘haircut reset’.
Or the reverse in the form of ‘Helicopter Money’ per Beernanke.
Travis – are you familiar with BLKCF (Global Blockchain Technologies Corp)? It seems like a purer way to invest in the blockchain technology, though they do have some selective cryptocurrency exposure. Jim Rogers is on the advisory board. I’ve been watching for while but will likely wait for the cryptocurrency hype to fade a bit. However price action does seem detached from the recent bitcoin runup. Company site is https://globalblockchain.io. Interested in your thoughts, thanks.
chrisbeavan
Travis – I’m very curious to hear your answer to the above BLOC.V
Me three Travis!
Hi, where do we find the “Topic Pages”? I just looked at the dashboard at the top and don’t see any links. Thanks.
There are thousands of them, so we don’t put them up for browsing — they do show up in the search results, depending on how popular the topic (usually a stock) happens to be, and you can also see them on each comment that has been topic tagged as well as at the bottom of each article. This will take a while to build out as we ask folks to tag their comments (though all articles going back are already tagged with a topic, comments will only be tagged going forward, and only as people make the effort), and the software is catching up with reality as I type, but hopefully it will be useful.
What is the best way to short bitcoin? Any ideas would be appreciated.
By not doing it. That’s like the reverse of catching a falling knife. I simply place limit buys around $10-12K and sells around $18-20K and capture the difference. Also keeping something less than 1% of my net worth in it.
VERY interesting article about Bitcoin by Robert Shiller in the NY Times.
https://www.nytimes.com/2017/12/15/business/bitcoin-investing.html
Hi
is someone interested to discover what is the:
‘Cryptocurrency ‘MASTER KEY’
that is being claimed by Navellier newsletter ..?
Travis, u mentioned that u sold your Bitcoin. I’m curious to know how you monetized it. Did u actually gt cash for it or trde for something else like gold or ? If u got cash, I’d love to know the procedure.
Cash. I sold it through my wallet provider (Coinbase) — wherever you deposited cash originally to buy bitcoin, you should be able to reverse the procedure.