Bitcoin Billionaire Review | Scam or Legit? 🥇 Site For The

My house in Bitcoin billionaire or something like that 😐

My house in Bitcoin billionaire or something like that 😐 submitted by brudah11robloxplayer to u/brudah11robloxplayer [link] [comments]

My house in Bitcoin billionaire or something like that

My house in Bitcoin billionaire or something like that submitted by brudah11robloxplayer to u/brudah11robloxplayer [link] [comments]

My house in Bitcoin billionaire or something like that 😐

My house in Bitcoin billionaire or something like that 😐 submitted by brudah11robloxplayer to u/brudah11robloxplayer [link] [comments]

My house in Bitcoin billionaire or something like that 😐

My house in Bitcoin billionaire or something like that 😐 submitted by brudah11robloxplayer to u/brudah11robloxplayer [link] [comments]

[WP] Hitherto the world's most unfortunate idealist woman, who lost the printed key to her 1000 bitcoins, discovers the printout while moving out of her house. 1 BTC recently hit $1M. She's now a billionaire....

This is story of how she goes about converting the 1000 coins one by one to fiat, bank balances, bodyguards, companies, while staying anonymous to remain safe and then comes out when she's ready later and launches a revolution with real power at her disposal, to change the world.
submitted by kbxads to WritingPrompts [link] [comments]

Me: enjoying my citadel

Me: enjoying my citadel submitted by dave_sparkswap to Bitcoin [link] [comments]

The Truth about Warren Buffett?

The Oracle of Omaha has a reputation as the gentle GOAT, but is there more to this than meets the eye?
Is there something that is often overlooked?
Or is this reputation warranted? (get it...warren, warranted?)
Anyway...Let's begin...

The story begins in 1942, when Warren Buffet bought his first shares at the age of just 11.
This is same year that his father Howard Buffett ran for the U.S. House of Representatives in the Nebraska district.
He won, and became a member of Congress in 1943.
Before this, Howard worked at a small stock brokerage firm.
He was reelected twice. However, in 1952, he decided against seeking another term and returned to his investment business in Omaha, Buffett-Falk & Co., where he worked until shortly before his death in 1964.
But what about Warren Buffett?
In 1951, after graduating from Columbia, where he was taught by Benjamin Graham, Buffett worked for three years at his father's firm as an investment salesman.
In 1954, Buffett accepted a job at Benjamin Graham's partnership, working as a securities analyst.
His starting salary was $12,000 a year - the equivalent of $114,000 today.
However, just two years later, Graham retired and Buffett started his own investment partnership.
He went to his father's acquaintances to raise Capital for his first fund.
These were prominent families in Nebraska with big businesses and political connections.
For example, across the street was the family whose son became the CEO of Coca Cola - that family gave him $10,000 (in the 50′s).

In 2012, the STOCK Act or The Stop Trading on Congressional Knowledge Act was signed into law.
The law prohibits the use of non-public information for private profit, including insider trading by members of Congress and other government employees.
Remember, Buffett's father used to be in Congress.
The only people who were, before 2012, allowed to trade on insider information without having criminal charges brought against them were congressmen.
Remember, Buffett's father was a stock market broker prior to being elected and going to Congress, hence he had a comprehensive knowledge of the stock market and clearly had an interest in it.
After all, it was his father who taught Buffett the ropes early on and had him buy his first shares as an eleven year old.

Imagine you are Warren Buffett, and you can:
1). Get insider information to trade on it;
2). Get a six-figure position after College;
3). After a few years, set up your own fund, getting money from wealthy family friends;
4). Pay no dividends to investors and only put a hundred bucks of your own money into the fund;
5). Let the mathematics of compounding work its magic as you bring in more institutional money;
6). Become so connected Politically and connected on Wall Street that you can get special deals, which have practically no risk as you know bailouts are coming. For example, in the 2008 crisis, Berkshire owned stock valued at more than $13 billion in the top recipients of the TARP funds, and Berkshire had at least twice as much dependence on bailed-out banks as any other large investor;
7). Have billions of dollars on hand, remember you ain't paying any dividends to investors, ready for the inevitable economic recession to hit so that you can sweep up cheap assets;
8). Be holier-than-thou (i.e. calling derivatives "financial weapons of mass destruction" when, during the height of the 2008 crisis, Berkshire sold more than $2.5 billion worth of credit default swaps. OR what about Buffett's reputation as the saviour in the Great Recession when Berkshire is the majority owner of Moody's, who played a key role in inflating the crisis in 2008 - via their questionable debt and derivative ratings which inflated the mortgage and subprime market).

What about Buffett's status as the GOAT?
Jim Simons has a far superior track record.
Billionaire Chamath Palihapitiya has even stated that Jeff Bezos is the best investor of our generation, not Warren Buffett.

Buffett has missed out on an entire raft of tech and Berkshire has underperformed the S&P 500 in recent years.
Berkshire's best years are found overwhelmingly in the period before the tech era.
Also, he has been critical of Bitcoin, describing it as "rat poison squared"
Ultimately, Buffett is worth $73 billion, he doesn't need to have an in-depth understanding of new age tech.
Moreover, Buffett has a huge stake in Finance 1.0, why would he give props to Finance 2.0?
Bitcoin as a savings vehicle is misaligned with Berkshire's don't-save-money-invest-it-in-us or consume more of the products of the businesses that Berkshire has a huge stake in, and is also misaligned with Berkshire's Cantillon insider advantages.

It's worth noting that Howard Buffett strongly supported the gold standard because he believed it would limit the ability of government to inflate the money supply and spend beyond its means. Here is a direct quote from Howard:
"I warn you that politicians of both parties will oppose the restoration of gold, although they may outwardly seemingly favor it, unless you are willing to surrender your children and your country to galloping inflation, war and slavery then this cause demands your support. For if human liberty is to survive in America, we must win the battle to restore honest money. There is no more important challenge facing us than this issue -- the restoration of your freedom to secure gold in exchange for the fruits of your labors."
His son Warren, however, hates gold. See the Cantillon Effect as to why.
Some have even argued that Buffett's success can be summarised by the following:
First Deals = Insider Information
Last Deals = Cantillon Effect
What are your thoughts?
Is it true... or false?
https://www.youtube.com/watch?v=3UpTUBgUYgc
submitted by financeoptimum to CryptoCurrency [link] [comments]

The Truth about Warren Buffett?

The Oracle of Omaha has a reputation as the gentle GOAT, but is there more to this than meets the eye?
Is there something that is often overlooked?
Or is this reputation warranted? (get it...warren, warranted?)
Anyway...Let's begin...

The story begins in 1942, when Warren Buffet bought his first shares at the age of just 11.
This is same year that his father Howard Buffett ran for the U.S. House of Representatives in the Nebraska district.
He won, and became a member of Congress in 1943.
Before this, Howard worked at a small stock brokerage firm.
He was reelected twice. However, in 1952, he decided against seeking another term and returned to his investment business in Omaha, Buffett-Falk & Co., where he worked until shortly before his death in 1964.
But what about Warren Buffett?
In 1951, after graduating from Columbia, where he was taught by Benjamin Graham, Buffett worked for three years at his father's firm as an investment salesman.
In 1954, Buffett accepted a job at Benjamin Graham's partnership, working as a securities analyst.
His starting salary was $12,000 a year - the equivalent of $114,000 today.
However, just two years later, Graham retired and Buffett started his own investment partnership.
He went to his father's acquaintances to raise Capital for his first fund.
These were prominent families in Nebraska with big businesses and political connections.
For example, across the street was the family whose son became the CEO of Coca Cola - that family gave him $10,000.

In 2012, the STOCK Act or The Stop Trading on Congressional Knowledge Act was signed into law.
The law prohibits the use of non-public information for private profit, including insider trading by members of Congress and other government employees.
Remember, Buffett's father used to be in Congress.
The only people who were, before 2012, allowed to trade on insider information without having criminal charges brought against them were congressmen.
Remember, Buffett's father was a stock market broker prior to being elected and going to Congress, hence he had a comprehensive knowledge of the stock market and clearly had an interest in it.
After all, it was his father who taught Buffett the ropes early on and had him buy his first shares as an eleven year old.

Imagine you are Warren Buffett, and you can:
1). Get insider information to trade on it;
2). Get a six-figure position after College;
3). After a few years, set up your own fund, getting money from wealthy family friends;
4). Pay no dividends to investors and only put a hundred bucks of your own money into the fund;
5). Let the mathematics of compounding work its magic as you bring in more institutional money;
6). Become so connected Politically and connected on Wall Street that you can get special deals, which have practically no risk as you know bailouts are coming. For example, in the 2008 crisis, Berkshire owned stock valued at more than $13 billion in the top recipients of the TARP funds, and Berkshire had at least twice as much dependence on bailed-out banks as any other large investor;
7). Have billions of dollars on hand, remember you aren't paying any dividends to investors, ready for the inevitable economic recession to hit so that you can sweep up cheap assets;
8). Be holier-than-thou (i.e. calling derivatives "financial weapons of mass destruction" when, during the height of the 2008 crisis, Berkshire sold more than $2.5 billion worth of credit default swaps. OR what about Buffett's reputation as the saviour in the Great Recession when Berkshire is the majority owner of Moody's, who played a key role in inflating the crisis in 2008 - via their questionable debt and derivative ratings which inflated the mortgage and subprime market).

What about Buffett's status as the GOAT?
Jim Simons has a far superior track record.
Billionaire Chamath Palihapitiya has even stated that Jeff Bezos is the best investor of our generation, not Warren Buffett.

Buffett has missed out on an entire raft of tech and Berkshire has underperformed the S&P 500 in recent years.
Berkshire's best years are found overwhelmingly in the period before the tech era.
Also, he has been critical of Bitcoin, describing it as "rat poison squared"
Ultimately, Buffett is worth $73 billion, he doesn't need to have an in-depth understanding of new age tech.
Moreover, Buffett has a huge stake in Finance 1.0, why would he give props to Finance 2.0?
Bitcoin as a savings vehicle is misaligned with Berkshire's don't-save-money-invest-it-in-us or consume more of the products of the businesses that Berkshire has a huge stake in, and is also misaligned with Berkshire's Cantillon insider advantages.

It's worth noting that Howard Buffett strongly supported the gold standard because he believed it would limit the ability of government to inflate the money supply and spend beyond its means. Here is a direct quote from Howard:
"I warn you that politicians of both parties will oppose the restoration of gold, although they may outwardly seemingly favor it, unless you are willing to surrender your children and your country to galloping inflation, war and slavery then this cause demands your support. For if human liberty is to survive in America, we must win the battle to restore honest money. There is no more important challenge facing us than this issue -- the restoration of your freedom to secure gold in exchange for the fruits of your labors."
His son Warren, however, hates gold. See the Cantillon Effect as to why.
Some have even argued that Buffett's success can be summarised by the following:
First Deals = Insider Information
Last Deals = Cantillon Effect
What are your thoughts?
Is it true... or false?
https://www.youtube.com/watch?v=3UpTUBgUYgc
submitted by financeoptimum to StockMarket [link] [comments]

10 things in tech you need to know today

  1. UK officials have reportedly told Huawei its 5G ban could be revisited if Trump loses the 2020 election. UK officials told Huawei that the decision to ban it from the 5G network was partly geopolitical, and could be reversed, The Observer reported.
  2. Facebook is slowing its donations to US politicians, even as a hotly contested presidential election approaches. The social media company is on track to spend significantly less via its political action committee in 2020 than it did in either 2016 or 2018 — despite tripling revenues since 2016.
  3. Employees working at Google-owned health firm Verily have described the extreme pressure to create a nationwide COVID-19 testing service, after President Trump announced the service unexpectedly in March. When the project, nicknamed Code Red, started, some employees said they were thrown into an extremely stressful period of feeling pressured to work around-the-clock to scale the company's COVID-19 programs.
  4. Uber drivers are suing the company requesting access to personal data held on them. Drivers are concerned that information about late arrivals, cancellations, and complaints about attitude and inappropriate behaviour from customers is counted against them.
  5. Microsoft president Brad Smith has spoken to the United States House Judiciary Antitrust Subcommittee ahead of an antitrust hearing on big tech, according to The Information. Smith reportedly discussed Apple's approvals process for the App Store.
  6. Facebook CEO Mark Zuckerberg denied speculation that he and President Donald Trump have some sort of deal over how Facebook manages the president's posts, calling the allegations "ridiculous." "I've heard this speculation, too, so let me be clear: There's no deal of any kind," Zuckerberg told Axios.
  7. Chinese fintech giant Ant Group is preparing a dual public offering in Shanghai and Hong Kong, the company announced Monday. Ant is the parent company of Alipay, and was founded by billionaire Alibaba cofounder Jack Ma.
  8. IBM CEO Arvind Krishna said the company has decided not to offer a new financial guidance for 2020 due to the economic uncertainty caused by the pandemic.Krishna said economic recovery was looking longer and more protracted than the firm previously thought.
  9. Crypto exchange site Coinbase said it saved almost $280,000, or 30.4 bitcoin, from transferring to the attackers that orchestrated last week's hack on Twitter. The company said just 14 users sent a total of $3,000 to the hackers before Coinbase blacklisted the scam address.
  10. People are spending more time on TikTok daily in the US than on Instagram. Q2 data from financial services firm Cowen showed people who used TikTok were spending an average of 41 minutes daily on the app, while Instagram users were spending 33 minutes on that app.
Link to article
submitted by autobuzzfeedbot to buzzfeedbot [link] [comments]

Twitter hack: FBI investigates major attack

Twitter hack: FBI investigates major attack


The FBI has launched an investigation after hackers hijacked Twitter accounts of a number of high-profile US figures in an apparent Bitcoin scam.
"The accounts appear to have been compromised in order to perpetuate cryptocurrency fraud," said the bureau, urging the public to be vigilant.
Elon Musk, Bill Gates and Joe Biden were among those hit in what Twitter said was a "co-ordinated" attack.
Their official accounts requested donations in the cryptocurrency.
"Everyone is asking me to give back," said a tweet from the account of Mr Gates, the Microsoft founder. "You send $1,000, I send you back $2,000."
The US Senate Commerce committee has demanded Twitter brief it about Wednesday's incident by 23 July.
Twitter said the hackers had targeted its employees "with access to internal systems and tools".
"We know they [the hackers] used this access to take control of many highly-visible (including verified) accounts and Tweet on their behalf," the company said in a series of tweets.
It added that "significant steps" had been taken to limit access to such internal systems and tools while the company's investigation continues.
The tech firm has also blocked users from being able to tweet Bitcoin wallet addresses for the time being.


The UK's National Cyber Security Centre said its officers had "reached out" to the tech firm. "We would urge people to treat requests for money or sensitive information on social media with extreme caution," it said in a statement.
US politicians also have questions. Republican Senator Josh Hawley has written to the company asking if President Trump's account had been vulnerable.
President Trump's account was not compromised, the White House said.
The chair of the Senate Commerce committee has also been in contact with Twitter.
"It cannot be overstated how troubling this incident is, both in its effects and in the apparent failure of Twitter's internal controls to prevent it," Senator Roger Wicker wrote to the firm.
One cyber-security expert said that the breach could have been a lot worse in other circumstances.
"If you were to have this kind of incident take place in the middle of a crisis, where Twitter was being used to either communicate de-escalatory language or critical information to the public, and suddenly it's putting out the wrong messages from several verified status accounts - that could be seriously destabilising," Dr Alexi Drew from King's College London told the BBC.

Emergency response

Twitter earlier had to take the extraordinary step of stopping many verified accounts marked with blue ticks from tweeting altogether.
Password reset requests were also being denied and some other "account functions" disabled.
By 20:30 EDT (00:30 GMT Thursday) users with verified account started to be able to send tweets again, but Twitter said it was still working on a fix.


Dmitri Alperovitch, who co-founded cyber-security company CrowdStrike, told Reuters news agency: "This appears to be the worst hack of a major social media platform yet."
On the official account of Mr Musk, the Tesla and SpaceX chief appeared to offer to double any Bitcoin payment sent to the address of his digital wallet "for the next 30 minutes".
"I'm feeling generous because of Covid-19," the tweet added, along with a Bitcoin link address.
The tweets were deleted just minutes after they were first posted.
But as the first such tweet from Mr Musk's account was removed, another one appeared, then a third.
Others targeted included:
  • reality TV star Kim Kardashian West
  • former US President Obama
  • media billionaire Mike Bloomberg
  • the ride-sharing app Uber
  • the iPhone-maker Apple
The campaign of Joe Biden, who is the current Democratic presidential candidate, said Twitter had "locked down the account within a few minutes of the breach and removed the related tweet".

Instagram message

The BBC can report from a security source that a web address - cryptoforhealth.com - to which some hacked tweets directed users was registered by a cyber-attacker using the email address [email protected].
The name "Anthony Elias" was used to register the website, but may be a pseudonym - it appears to be a play on "an alias".
Cryptoforhealth is also a registered user name on Instagram, apparently set up contemporaneously to the hack.
The description of the profile read "It was us", alongside a slightly smiling face emoticon.
The Instagram profile also posted a message that said: "It was a charity attack. Your money will find its way to the right place."
In any case, the real identities of the perpetrators are as yet unknown.


Cameron Winklevoss, who was declared the world's first Bitcoin billionaire in 2017 along with his twin brother Tyler, tweeted a message on Wednesday warning people not to participate in the "scam".


In the short time it was online, the link displayed in the tweets of targeted accounts received hundreds of contributions totalling more than $100,000 (£80,000), according to publicly available blockchain records.
The Twitter accounts targeted have millions of followers.


Last year, Twitter chief executive Jack Dorsey's account was hacked, but the company said it had fixed the flaw that left his account vulnerable.
Dr Drew recently co-authored a paper warning about the potential of Twitter being used to sow disinformation.
She said the latest incident highlighted the need for all major social media platforms to check their security measures, particularly in the run up to the US presidential vote in November.
"Social media companies such as Twitter and, Facebook all have a duty to consider the damage and influence their platforms can have on the 2020 election, and I think some companies are taking that more seriously than others," she told the BBC.
"Twitter actually has a good history of being forward-thinking and proactive in this space. But whatever the source of this attack [it seems they have] still not done enough."
submitted by Old_Lavishness7140 to u/Old_Lavishness7140 [link] [comments]

Charles Edwards stated that bitcoin is ready for a new rally and Cameron Winklevoss named a "trillion" reasons to buy BTC

Charles Edwards stated that bitcoin is ready for a new rally and Cameron Winklevoss named a

https://preview.redd.it/jjs4ymgio0b51.jpg?width=900&format=pjpg&auto=webp&s=2dcacbcadff03ccc7613859f20cbb97f44cda89d

Transfer funds from bitcoin to altcoins is risky

Thinks Jason Williams, a partner at Morgan Creek Digital. According to him, many investors are selling bitcoin right now to buy altcoins and stablecoins. It is a very risky thing to do.
"I am sure, if real honest historical analysis was done, it would show holding is a superior strategy", the analyst wrote.
He compared this to indices that are ahead of separate companies' shares regarding profitability. Binance head Changpeng Zhao thinks likewise: earlier he claimed that altcoins were hardly to reach their maximum this year.

Charles Edwards: bitcoin is in for a new rally

Renown analyst Charles Edwards said that bitcoin was ready for a new rally.
The Hash Ribbons indicator developed by Edwards confirmed the signal for buying. It is just the twelfth signal the indicator has given through the entire history of bitcoin — the earlier eleven ones were for a rise. The last Hash Ribbons signal was on the 25th of April and after it the price of BTC went up by 34%.
The indicator is based on the hashrate and complexity measures. According to the author, the hashrate of the bitcoin network falls down earlier than the regular change in complexity occurs. Periods like that are favorable for entering the market, Edwards thinks.

The bitcoin billionaire named a "trillion" reasons to buy BTC

Cameron Winklevoss, one of the twin brothers who are bitcoin billionaires, named a "trillion" reasons to buy cryptocurrency.
He posted on Twitter the news where the speaker of the US House of Representatives Nancy Pelosi urged the authorities to approve the law regarding the additional support for the population during the coronavirus pandemic.
She asked to assign several trillion dollars for that purpose.
"We need $1 trillion for state and local. We need another $1 trillion for unemployment insurance and direct payments. Something like that, but probably not as much, for the testing, tracing, treatment", Pelosi said.
"A trillion more reasons to own bitcoin", the businessman commented on this news.
submitted by bestchange_pr to bestchange [link] [comments]

Wife of Norwegian billionaire has been missing since Oct. 31st 2018. She is presumed kidnapped and/or killed. There was a ransom note left at the crime scene, demanding 9 million Euros in crypto currency. What happened to Anne-Elisabeth Hagen?

So.. I have been waiting for months for someone to write about this case here, and since no one has I suppose I’ll have to give it a shot. This is my first reddit post so mishaps are bound to happen, English is not my first language, apologies for any mistakes, etc… (is this a meme yet?) Edit: wow, holy crap! I didn't expect to be given gold! Thank you kind stranger!
Edit: I have added more to the bottom of this post to clear up some confusion or add more important information that I missed the first time.
Anne-Elisabeth Falkevik Hagen (68) is the wife of Norwegian billionaire Tom Hagen, an investor and co-founder of a company called Elkraft. They married young, only 19 years old, before Hagen made his fortune. Although Hagen is now one of Norway’s richest people, the 172nd richest according to financial magazine Kapital, he and his wife have seemingly led unassuming, quiet lives. From an outsiders perspective they seem like the kind of billionaires you could only hope to be if you ever found yourself in such financial luck, grounded and down to earth, living in the same house for almost 40 years, in a suburb of Oslo called Lørenskog. Tom drives a simple Citroën car. They are parents and grandparents. You would never look at them and think "ah, rich people!".
Their house looks like any suburban Norwegian home, there’s nothing flashy or noteworthy about it. No extra security surrounding the area either. There are no gated communities in Norway, but there are still security measures one can take, and probably should take if you’re that rich, and the fact that they hadn’t might have been one of the reasons Anne-Elisabeth was targeted.
This case reads more like a Hollywood movie than an actual crime case to me, because we don’t really have crime like this in Norway. The police kept the alleged kidnapping a secret until January 9th. Since then little pieces of information have come out or developments have happened in the case, but Anne-Elisabeth is still missing. The police now presumes she has been killed, perhaps even on the day she disappeared. Her family, who speaks to the media through their lawyer, still holds out hope that she might be alive.

I’ll try to keep everything precise and easy to follow:
November
Because of the threats in the letter, the police can’t go out with any information regarding Anne-Elisabeth’s disappearance. They have to work very carefully and quietly in their home to secure evidence from the crime scene. KRIPOS (The National Criminal Investigation Service) and ØKOKRIM (National Authority for Investigation and Prosecution of Economic and Environmental Crime in Norway) get involved.
The police finds traces of Anne-Elisabeths blood inside the house, as well as a shoe print. It is unclear whether or not the blood was from the day of the disappearance. The amount of blood found is reportedly “not unusual” because she lived there, which I take to mean it was very little.
Tom Hagen continues to go to work, people describe him as unsociable and desolate during this period. Neighbors are told Anne-Elisabeth is “away”, and family members are kept in the dark as well. At the end of November family members are starting to feel like something is going on. Finally they find out that Anne-Elisabeth is missing, and there are talks of a kidnapping. No one is allowed to say anything.
December
The investigation is still top secret.
January 9th
The police finally allow the media to talk about the case. Norwegian media have known about it for a long time but have been told not to say anything yet. The apparent kidnapping is announced in a press conference after 10 weeks of utmost secrecy.
A few days after the press conference, the police releases a video of the area around Tom Hagen's workplace. A man can be seen walking down the road next to Tom’s place of work at 7:36am on the morning of the crime. He then abruptly stops and turns around to walk back the same way from where he came.
24 minutes later, another man can be seen walking down the same way. He is passed by a cyclist, who has been identified. The two other men have never come forward. It has been theorised that these two men might have been a look-out of sorts.
January 16th
The family receives a new message from the person or people who claim to have Anne-Elisabeth. This message is recieved through crypto currency (bitcoin this time). I’m not quite sure how this works, but from what I’ve read it’s a difficult and insufficient way to communicate.
January 27th
The family again is in communication with the alleged kidnappers.
Some people find it curious at this point that these alleged kidnappers have been unwilling to communicate with the family during the ten weeks of secrecy, but now that the world knows, they are willing to talk. Who is behind this, exactly? Professional criminals who saw an opportunity after the article in Dagens Næringsliv was published and they realised the man in question lives completely unprotected? A family member? Enemies of Tom Hagen? Could it be Tom himself? Who would want to hurt this woman? Rumours are spreading.
February
The police advice the family not to pay the ransom unless they receive evidence of Anne-Elisabeth’s well-being. This is stressed in every press conference, both in Norwegian and English. The family is hopeful that proof will now be provided, seeing as the alleged kidnappers are now willing to talk, albeit very little. However, they receive nothing.
The police interviews a lot of people, including business partners of Tom’s.
April
After a long Norwegian winter, the police wants to search the lake right next to Tom and Anne-Elisabeth’s house. They employ a police dog specialized in search in water (the same dog who helped in the Kim Wall case). It’s unclear whether or not they actually find anything during this search. Certainly no body or anything like that.
May
The family decides to attempt contacting the alleged kidnappers themselves. They haven’t heard anything at all since January 27th. No evidence of Anne-Elisabeth’s well-being has been provided, and none is provided this time either.
June
The police officially changes their main hypothesis. They now believe Anne-Elisabeth was murdered, and not kidnapped for financial gain. They believe the ransom note as well as any evidence found in the house might have been staged to look like a kidnapping.
More surprisingly, the police officially cancels any further search of the two men seen in the surveillance video outside of Tom Hagen’s work the morning of Anne-Elisabeth’s disappearance. They still have not been identified and it is unknown why the police now believes them not to be involved.
July 8th
The family lawyer Svein Holden receives an e-mail from the dark web. It is written in Norwegian, and the writing style suggests that it may have been written by the same person who penned the ransom note. According to Svein Holden this e-mail contains information that only a perpetrator would know. The message of this e-mail is as follows: in order to receive evidence of Anne-Elisabeth being alive, the family has to pay.
It is again commented on by outsiders how odd it is that this message is received now, five months after the previous one, and right after the police changed their main hypothesis.
Tom Hagen decides to pay 1.3 million Euros in crypto currency. He receives nothing in return.
August
The shoe print found at the crime scene is sent for analysis to police all over Europe. German police finds out that the print belongs to a shoe by the brand Sprox, and is in European size 45. It is sold in Norway at Sparkjøp. The police now requests help from the public, and everyone who have purchased these shoes in cash is encouraged to come forward.
September
The cable tie left at the crime scene has been analysed and has been found to be produced in China and sold in Norway at Biltema.
Both Biltema and Sparkjøp are fairly common stores in Norway.
October
The police have now also analysed the paper the ransom note was written on and the envelope it came in. It was purchased at Clas Ohlson, another common store in Norway. All three stores tied to this case are located in Romerike, the district in which Tom and Anne-Elisabeth Hagen lives.
It’s closing in on a year since Anne-Elisabeth disappeared without a trace. The entire country is awaiting answers. The 25th of October would have been Tom and Anne-Elisabeth’s Golden wedding anniversary. On Thursday the 31st, 365 days have passed since this all happened. But it is not a Halloween tale, it is real life. What happened to her? Where is she? Could she still be alive after all this time?
Edited to add more information or clear up some confusing things:
I'll continue to update if I see common questions or there's anything else I remember!

Sources (unfortunately mostly in Norwegian):https://www.vg.no/spesial/2019/lorenskog-forsvinningen-ett-aa?maaned=sommer2018 https://www.vg.no/nyheteinnenriks/i/KvJ6lG/frigir-film-fra-forsvinningsdagen-frykter-ektemannen-ble-holdt-under-oppsikt https://www.dn.no/marked/tom-hagen/strom/eiendom/tom-hagen-tjente-174-millioner-pa-strom-og-eiendom-i-fjo2-1-387353 https://www.cbsnews.com/news/norway-billionaires-wife-anne-elisabeth-falkevik-hagen-being-held-for-ransom/
submitted by __moonflower to UnresolvedMysteries [link] [comments]

The Truth about Warren Buffett?

The Oracle of Omaha has a reputation as the gentle GOAT, but is there more to this than meets the eye?
Is there something that is often overlooked?
Or is this reputation warranted? (get it...warren, warranted?)
Anyway...Let's begin...

The story begins in 1942, when Warren Buffet bought his first shares at the age of just 11.
This is same year that his father Howard Buffett ran for the U.S. House of Representatives in the Nebraska district.
He won, and became a member of Congress in 1943.
Before this, Howard worked at a small stock brokerage firm.
He was reelected twice. However, in 1952, he decided against seeking another term and returned to his investment business in Omaha, Buffett-Falk & Co., where he worked until shortly before his death in 1964.
But what about Warren Buffett?
In 1951, after graduating from Columbia, where he was taught by Benjamin Graham, Buffett worked for three years at his father's firm as an investment salesman.
In 1954, Buffett accepted a job at Benjamin Graham's partnership, working as a securities analyst.
His starting salary was $12,000 a year - the equivalent of $114,000 today.
However, just two years later, Graham retired and Buffett started his own investment partnership.
He went to his father's acquaintances to raise Capital for his first fund.
These were prominent families in Nebraska with big businesses and political connections.
For example, across the street was the family whose son became the CEO of Coca Cola - that family gave him $10,000.

In 2012, the STOCK Act or The Stop Trading on Congressional Knowledge Act was signed into law.
The law prohibits the use of non-public information for private profit, including insider trading by members of Congress and other government employees.
Remember, Buffett's father used to be in Congress.
The only people who were, before 2012, allowed to trade on insider information without having criminal charges brought against them were congressmen.
Remember, Buffett's father was a stock market broker prior to being elected and going to Congress, hence he had a comprehensive knowledge of the stock market and clearly had an interest in it.
After all, it was his father who taught Buffett the ropes early on and had him buy his first shares as an eleven year old.

Imagine you are Warren Buffett, and you can:
1). Get insider information to trade on it;
2). Get a six-figure position after College;
3). After a few years, set up your own fund, getting money from wealthy family friends;
4). Pay no dividends to investors and only put a hundred bucks of your own money into the fund;
5). Let the mathematics of compounding work its magic as you bring in more institutional money;
6). Become so connected Politically and connected on Wall Street that you can get special deals, which have practically no risk as you know bailouts are coming. For example, in the 2008 crisis, Berkshire owned stock valued at more than $13 billion in the top recipients of the TARP funds, and Berkshire had at least twice as much dependence on bailed-out banks as any other large investor;
7). Have billions of dollars on hand, remember you aren't paying any dividends to investors, ready for the inevitable economic recession to hit so that you can sweep up cheap assets;
8). Be holier-than-thou (i.e. calling derivatives "financial weapons of mass destruction" when, during the height of the 2008 crisis, Berkshire sold more than $2.5 billion worth of credit default swaps. OR what about Buffett's reputation as the saviour in the Great Recession when Berkshire is the majority owner of Moody's, who played a key role in inflating the crisis in 2008 - via their questionable debt and derivative ratings which inflated the mortgage and subprime market).

What about Buffett's status as the GOAT?
Jim Simons has a far superior track record.
Billionaire Chamath Palihapitiya has even stated that Jeff Bezos is the best investor of our generation, not Warren Buffett.
Buffett has missed out on an entire raft of tech and Berkshire has underperformed the S&P 500 in recent years.
Berkshire's best years are found overwhelmingly in the period before the tech era.
Also, he has been critical of Bitcoin, describing it as "rat poison squared"
Ultimately, Buffett is worth $73 billion, he doesn't need to have an in-depth understanding of new age tech.
Moreover, Buffett has a huge stake in Finance 1.0, why would he give props to Finance 2.0?
Bitcoin as a savings vehicle is misaligned with Berkshire's don't-save-money-invest-it-in-us or consume more of the products of the businesses that Berkshire has a huge stake in, and is also misaligned with Berkshire's Cantillon insider advantages.
It's worth noting that Howard Buffett strongly supported the gold standard because he believed it would limit the ability of government to inflate the money supply and spend beyond its means. Here is a direct quote from Howard:
"I warn you that politicians of both parties will oppose the restoration of gold, although they may outwardly seemingly favor it, unless you are willing to surrender your children and your country to galloping inflation, war and slavery then this cause demands your support. For if human liberty is to survive in America, we must win the battle to restore honest money. There is no more important challenge facing us than this issue -- the restoration of your freedom to secure gold in exchange for the fruits of your labors."
His son Warren, however, hates gold. See the Cantillon Effect as to why.
Some have even argued that Buffett's success can be summarised by the following:
First Deals = Insider Information
Last Deals = Cantillon Effect
What are your thoughts?
Is it true... or false?
https://www.youtube.com/watch?v=3UpTUBgUYgc
submitted by financeoptimum to conspiracy [link] [comments]

New info on Billionaire Wife Anne-Elisabeth Hagen’s possible kidnapping/murder.

I posted about this case in October and since then there’s been a few somewhat interesting updates in the case and I wanted to let you guys know about them. I recommend reading the initial post if you haven’t yet, to familiarize yourself with the case. There’s also some additional info at the end of that first post that I added later, answering some questions people had and clearing up some confusing information. If you read the post before the update, it might be a good idea to go back and read the new bit at the end.
Some quick info on the case: Anne-Elisabeth Hagen is the missing wife of Norwegian billionaire Tom Hagen, an investor and co-founder of the company Elkraft. She’s been missing since October 31st 2018. There was a ransom note left at the crime scene, demanding 9 million Euros in crypto currency Monero. There’s been no sign of Anne-Elisabeth since, and she is now presumed to be dead.
Here is all the new info we have:
These are the codes Tom Hagen were given to use:
X Bitcoin = I confirm I want to pay. X Bitcoin = I have sent money for exchange and am waiting to obtain Monero. X Bitcoin = I will send Monero in 7 days. X Bitcoin = I have a problem, need more time. X Bitcoin = I have sent some Monero. Waiting for more. X Bitcoin = I have sent all Monero, €9 Million
The other party then had a list of codes of their own that they could use to communicate back with Tom Hagen:
X Bitcoin = Time is running out, quick or she’ll die. X Bitcoin = It’s been too long, she’s dead. X Bitcoin = Police are looking around. Not worth it for us. She’s dead. X Bitcoin = Have not received Monero. Send to the correct address. X Bitcoin = Have not received all Monero. X Bitcoin = Have received all Monero. Anne-Elisabeth will be let go in 24 hours.
The police followed the instructions in the ransom note at first. Their goal was to make it seem like law enforcement were not involved. The family made the actual decisions regarding the negotiation. The police believe that it is quite likely that the letter is fake, to steer the investigation in the wrong direction. If their main hypothesis is correct and Anne-Elisabeth was in fact murdered, not kidnapped, it would make sense to try and cover it up by making it look like something it’s not.
The police have talked about this inconvenient form of communication since the case became public and urged the alleged kidnappers to find some other way to talk. The family eventually received encrypted e-mails from the dark web. The family lawyer thinks these e-mails are from the same people and therefore credible. Some people believe they are from a third party who saw an opportunity to get money (and if so, they eventually did: Tom Hagen paid a portion of the money in July 2019 after getting another e-mail). It is after this second e-mail in July that all communication has stopped. Police thinks this lack of communication is atypical and odd behaviour on the kidnapper’s part.
And that’s it. I’ll admit, I’ve been hoping for a major break in this case since I last posted but it seems like that won’t be happening anytime soon. Anne-Elisabeth is still missing and there are no publicly known persons of interest.
Today is Mother’s Day in Norway. By all reports, Anne-Elisabeth was a beloved mother and grandmother. My thoughts go out to her children today. Let’s hope they’ll have answers soon.
Source 1 Source 2 Source 3 (In Norwegian)
submitted by __moonflower to UnresolvedMysteries [link] [comments]

The Truth about Warren Buffett?

The Oracle of Omaha has a reputation as the gentle GOAT, but is there more to this than meets the eye?
Is there something that is often overlooked?
Or is this reputation warranted? (get it...warren, warranted?)
Anyway...Let's begin...

The story begins in 1942, when Warren Buffet bought his first shares at the age of just 11.
This is same year that his father Howard Buffett ran for the U.S. House of Representatives in the Nebraska district.
He won, and became a member of Congress in 1943.
Before this, Howard worked at a small stock brokerage firm.
He was reelected twice. However, in 1952, he decided against seeking another term and returned to his investment business in Omaha, Buffett-Falk & Co., where he worked until shortly before his death in 1964.
But what about Warren Buffett?
In 1951, after graduating from Columbia, where he was taught by Benjamin Graham, Buffett worked for three years at his father's firm as an investment salesman.
In 1954, Buffett accepted a job at Benjamin Graham's partnership, working as a securities analyst.
His starting salary was $12,000 a year - the equivalent of $114,000 today.
However, just two years later, Graham retired and Buffett started his own investment partnership.
He went to his father's acquaintances to raise Capital for his first fund.
These were prominent families in Nebraska with big businesses and political connections.
For example, across the street was the family whose son became the CEO of Coca Cola - that family gave him $10,000.

In 2012, the STOCK Act or The Stop Trading on Congressional Knowledge Act was signed into law.
The law prohibits the use of non-public information for private profit, including insider trading by members of Congress and other government employees.
Remember, Buffett's father used to be in Congress.
The only people who were, before 2012, allowed to trade on insider information without having criminal charges brought against them were congressmen.
Remember, Buffett's father was a stock market broker prior to being elected and going to Congress, hence he had a comprehensive knowledge of the stock market and clearly had an interest in it.
After all, it was his father who taught Buffett the ropes early on and had him buy his first shares as an eleven year old.

Imagine you are Warren Buffett, and you can:
1). Get insider information to trade on it;
2). Get a six-figure position after College;
3). After a few years, set up your own fund, getting money from wealthy family friends;
4). Pay no dividends to investors and only put a hundred bucks of your own money into the fund;
5). Let the mathematics of compounding work its magic as you bring in more institutional money;
6). Become so connected Politically and connected on Wall Street that you can get special deals, which have practically no risk as you know bailouts are coming. For example, in the 2008 crisis, Berkshire owned stock valued at more than $13 billion in the top recipients of the TARP funds, and Berkshire had at least twice as much dependence on bailed-out banks as any other large investor;
7). Have billions of dollars on hand, remember you aren't paying any dividends to investors, ready for the inevitable economic recession to hit so that you can sweep up cheap assets;
8). Be holier-than-thou (i.e. calling derivatives "financial weapons of mass destruction" when, during the height of the 2008 crisis, Berkshire sold more than $2.5 billion worth of credit default swaps. OR what about Buffett's reputation as the saviour in the Great Recession when Berkshire is the majority owner of Moody's, who played a key role in inflating the crisis in 2008 - via their questionable debt and derivative ratings which inflated the mortgage and subprime market).

What about Buffett's status as the GOAT?
Jim Simons has a far superior track record.
Billionaire Chamath Palihapitiya has even stated that Jeff Bezos is the best investor of our generation, not Warren Buffett.

Buffett has missed out on an entire raft of tech and Berkshire has underperformed the S&P 500 in recent years.
Berkshire's best years are found overwhelmingly in the period before the tech era.
Also, he has been critical of Bitcoin, describing it as "rat poison squared"
Ultimately, Buffett is worth $73 billion, he doesn't need to have an in-depth understanding of new age tech.
Moreover, Buffett has a huge stake in Finance 1.0, why would he give props to Finance 2.0?
Bitcoin as a savings vehicle is misaligned with Berkshire's don't-save-money-invest-it-in-us or consume more of the products of the businesses that Berkshire has a huge stake in, and is also misaligned with Berkshire's Cantillon insider advantages.

It's worth noting that Howard Buffett strongly supported the gold standard because he believed it would limit the ability of government to inflate the money supply and spend beyond its means. Here is a direct quote from Howard:
"I warn you that politicians of both parties will oppose the restoration of gold, although they may outwardly seemingly favor it, unless you are willing to surrender your children and your country to galloping inflation, war and slavery then this cause demands your support. For if human liberty is to survive in America, we must win the battle to restore honest money. There is no more important challenge facing us than this issue -- the restoration of your freedom to secure gold in exchange for the fruits of your labors."
His son Warren, however, hates gold. See the Cantillon Effect as to why.
Some have even argued that Buffett's success can be summarised by the following:
First Deals = Insider Information
Last Deals = Cantillon Effect
What are your thoughts?
Is it true... or false?
https://www.youtube.com/watch?v=3UpTUBgUYgc
submitted by financeoptimum to investing_discussion [link] [comments]

The Truth about Warren Buffett?

The Oracle of Omaha has a reputation as the gentle GOAT, but is there more to this than meets the eye?
Is there something that is often overlooked?
Or is this reputation warranted? (get it...warren, warranted?)
Anyway...Let's begin...

The story begins in 1942, when Warren Buffet bought his first shares at the age of just 11.
This is same year that his father Howard Buffett ran for the U.S. House of Representatives in the Nebraska district.
He won, and became a member of Congress in 1943.
Before this, Howard worked at a small stock brokerage firm.
He was reelected twice. However, in 1952, he decided against seeking another term and returned to his investment business in Omaha, Buffett-Falk & Co., where he worked until shortly before his death in 1964.
But what about Warren Buffett?
In 1951, after graduating from Columbia, where he was taught by Benjamin Graham, Buffett worked for three years at his father's firm as an investment salesman.
In 1954, Buffett accepted a job at Benjamin Graham's partnership, working as a securities analyst.
His starting salary was $12,000 a year - the equivalent of $114,000 today.
However, just two years later, Graham retired and Buffett started his own investment partnership.
He went to his father's acquaintances to raise Capital for his first fund.
These were prominent families in Nebraska with big businesses and political connections.
For example, across the street was the family whose son became the CEO of Coca Cola - that family gave him $10,000.

In 2012, the STOCK Act or The Stop Trading on Congressional Knowledge Act was signed into law.
The law prohibits the use of non-public information for private profit, including insider trading by members of Congress and other government employees.
Remember, Buffett's father used to be in Congress.
The only people who were, before 2012, allowed to trade on insider information without having criminal charges brought against them were congressmen.
Remember, Buffett's father was a stock market broker prior to being elected and going to Congress, hence he had a comprehensive knowledge of the stock market and clearly had an interest in it.
After all, it was his father who taught Buffett the ropes early on and had him buy his first shares as an eleven year old.

Imagine you are Warren Buffett, and you can:
1). Get insider information to trade on it;
2). Get a six-figure position after College;
3). After a few years, set up your own fund, getting money from wealthy family friends;
4). Pay no dividends to investors and only put a hundred bucks of your own money into the fund;
5). Let the mathematics of compounding work its magic as you bring in more institutional money;
6). Become so connected Politically and connected on Wall Street that you can get special deals, which have practically no risk as you know bailouts are coming. For example, in the 2008 crisis, Berkshire owned stock valued at more than $13 billion in the top recipients of the TARP funds, and Berkshire had at least twice as much dependence on bailed-out banks as any other large investor;
7). Have billions of dollars on hand, remember you aren't paying any dividends to investors, ready for the inevitable economic recession to hit so that you can sweep up cheap assets;
8). Be holier-than-thou (i.e. calling derivatives "financial weapons of mass destruction" when, during the height of the 2008 crisis, Berkshire sold more than $2.5 billion worth of credit default swaps. OR what about Buffett's reputation as the saviour in the Great Recession when Berkshire is the majority owner of Moody's, who played a key role in inflating the crisis in 2008 - via their questionable debt and derivative ratings which inflated the mortgage and subprime market).

What about Buffett's status as the GOAT?
Jim Simons has a far superior track record.
Billionaire Chamath Palihapitiya has even stated that Jeff Bezos is the best investor of our generation, not Warren Buffett.
Buffett has missed out on an entire raft of tech and Berkshire has underperformed the S&P 500 in recent years.
Berkshire's best years are found overwhelmingly in the period before the tech era.
Also, he has been critical of Bitcoin, describing it as "rat poison squared"
Ultimately, Buffett is worth $73 billion, he doesn't need to have an in-depth understanding of new age tech.
Moreover, Buffett has a huge stake in Finance 1.0, why would he give props to Finance 2.0?
Bitcoin as a savings vehicle is misaligned with Berkshire's don't-save-money-invest-it-in-us or consume more of the products of the businesses that Berkshire has a huge stake in, and is also misaligned with Berkshire's Cantillon insider advantages.
It's worth noting that Howard Buffett strongly supported the gold standard because he believed it would limit the ability of government to inflate the money supply and spend beyond its means. Here is a direct quote from Howard:
"I warn you that politicians of both parties will oppose the restoration of gold, although they may outwardly seemingly favor it, unless you are willing to surrender your children and your country to galloping inflation, war and slavery then this cause demands your support. For if human liberty is to survive in America, we must win the battle to restore honest money. There is no more important challenge facing us than this issue -- the restoration of your freedom to secure gold in exchange for the fruits of your labors."
His son Warren, however, hates gold. See the Cantillon Effect as to why.
Some have even argued that Buffett's success can be summarised by the following:
First Deals = Insider Information
Last Deals = Cantillon Effect
What are your thoughts?
Is it true... or false?
https://www.youtube.com/watch?v=3UpTUBgUYgc
submitted by financeoptimum to wealth [link] [comments]

Where can I post this to get the discussion about it that I’m aiming for? I’ve already been permanently banned from threads and this is only my 5th post ever. I just want thoughtful discussion on important topics.

Save yourself some time and don’t read this. You’ll never get it, unless you do. In which case I hope you enjoy and think about what I’ve said. You may not agree with it all but you can’t deny it all either. The problem is that I’m right. So am I saying I think the vast majority of the world is wrong and I am right? Yes. It’s not easy to be right when most everyone else is wrong. You’re constantly misunderstood or dismissed. No I haven’t lost it. I’m totally sane. Maybe the most sane I’ve ever been. That probably sounds crazy and maybe it is but if this is crazy I don’t ever want to be sane again.
It’s all of it. It’s not just black or white it’s gray. It’s a mix of the major competing ideas and a cherry picking of the best of those ideas. It’s the new ideas that keep up with our time. There-in lies the solution to our problems. Compromise and use the best parts of the major competing ideas not just one or the other. Think about healthcare. We need both a public and private option. We can’t have just one. We need both. A public option for the poor or disenfranchised and a private option for the wealthy and those who can afford to get private insurance. Wet markets and factory farming will be the death of us if we don’t outlaw that shit worldwide as soon as possible. Yes this means less meat in our diets. Look at the data. This is actually good for us. Take climate change. We can’t just stop using fossil fuels tomorrow. We need to phase them out while figuring out how much we can burn without negatively effecting our environment and then allowing the poorest countries to continue using fossil fuels in the interim while they grow their economies to prearranged milestones where they must phase in renewables. Take capitalism. Our society’s trade platform. It must be a mix of capitalism with restraints and restrictions strategically implemented to thwart the worst parts of greed, corruption and pollution. Along with a public option for healthcare and education. It’s socialism and capitalism meshed together. Republican or Democrat? We need a third option. The ruling party. The party that uses the best parts of both ideas and dumps the junk bunk bullshit that drags us down. The tie breaking vote cast in favor of either side, whenever it is they happen to have the better idea. This ruling class is called the Digerati. Not my term. They need to be the deciding voice of reason because they see the world for what it is. They are already silently leading the world. They are the Facebooks the Googles the Microsofts the Ubers the Teslas. I could go on. The Expedias the Amazons, you get the point. They have seen that digital technology trumps old analog technology in almost every industry. They have come in and dominated the old with the new. Taking voting for instance. We need to offer all viable options to increase voter turnout and opportunity. That means in-person, mail-in, Internet, and smartphone via blockchain. Putin will rule us all if we don’t band together against him. Hopefully I’m wrong there and his overreach will be the death of him, but that’s for time to tell. It’s not just religion or atheism and nothing in between. It’s spirituality. No not the traditional Christian soul “spirit” bullshit. Nothing supernatural in the standard sense. It’s the interconnectedness of everything down to a basic atomic level that binds all things. The problem also lies in our broken criminal justice system and the for-profit prisons that lobby to keep it that way. It’s the NRA and the gun lobby stopping us from having common sense gun law and closing the purchase and tracking loopholes. It’s the corrupt gang of thugs called the police who kill innocent people on the regular with seemingly no ramifications. It’s the irrational and crooked stock market putting this false face on the economy but we don’t have any other simple numbers to base the complexity of the economy on so we deal with it. We let these Wall Street crooks live in their ivory towers laughing at us. Selling us bits of 1’s and 0’s in the cloud somewhere that we never actually own. If we did they’d give us all our proportion of the profits equivalent to the shares we own. It happens but rarely. It’s just as bullshit as the concept of paper money backed by the Fed and nothing else. Even gold, what’s that worth anyway? Seems to me something is only worth its weight in what it can do or provide. Gold has its uses and therefore has value but it’s still an inflated illusion. Not that bitcoin isn’t based on a similar illusion but it’s far superior to paper money. More important than just bitcoin is the blockchain technology itself. This is going to change the way we do everything. All the big companies and leaders already know what’s coming. It’s going to change banking, voting, critical infrastructure security, contract law, stock trading, real estate, healthcare, supply chain management, music and entertainment property rights and IP etc etc etc. I could list 40-50 major industries that will be impacted in a huge way by blockchain. All technology is growing faster and faster. Exponentially so. So fast we can’t comprehend it. The growth of AI and the invention of bitcoin are changing the world so fast you can’t even see it. My point is it’s all going to change very fast. This country is not long for this world if we don’t make some massive changes, and I mean quickly. No more assholes like Trump ever can be elected to such high offices. Never let the stupid overtake the enlightened again because of technicalities. All these crooked politicians need to go to jail. For life. To set the example for all time. This bullshit will not be tolerated. The Constitution has failed us. Just look at the dysfunction in the Congress and Senate and now the White House. We’ve had some clowns in office before but nothing this extreme. China is going to overtake the USA in digital and cryptocurrency as they are embracing the technology far more. Bitcoin is coming for your wallets so you better get onboard or get left behind. New digital millionaires and billionaires are being minted daily. The world is becoming increasingly more dangerous every day. The poor and the left-out are growing in numbers and it’s only going to get worse. Those who can see, I mean truly SEE what’s going on, will rule the world. Those who don’t see it will be pushed further and further down out of the middle class and into poverty. This is going to create great disparities of wealth beyond anything the world has seen in quite some time. Think India’s caste system on steroids. So what can we do? We can embrace the future. We get as much bitcoin as we can get our hands on as soon as possible before only the elite have access to one whole bitcoin. Don’t pick up the scraps. Make your own way now. Don’t let the asshats rule the world. The Trumps the Putins the Bolsonaros and the Boris Johnsons of the world can’t be left in power. They are destroying everything we know and love. There are major political changes happening right now that will negatively impact all of our lives. They are the fault of McConnell, Trump, all the judges he’s appointed, and the entire Republican establishment. The Democrats are only marginally better. We need to throw out our failed institutions and start over with lessons learned. We need to actually make a real separation of Church and State. No more muddy water. No more bullshit child rape organizations like the Catholic Church allowed to claim tax free status and then take PPP Loans from our tax dollars. If they are a business that can receive PPP then they can be taxed like one. And why isn’t the Pope in jail. If I was the lead architect for covering up thousands of child rapes you can bet your ass there would be an international warrant for my arrest but instead he’s treated like a top celebrity and revered by some as next to “God”. There is a better way. Now is the time to move forward with plans to right the ship. Arguably there has never been a better more apropos time than now. This pandemic has pushed our country to the brink of failure. We also probably need to think about a backup plan. A plan to create a new country with those who understand what’s really happening. I’m not sure what exactly that looks like. Maybe we secede California or Texas from the union. Maybe we let Bezos buy an African country and pay all of its citizens handsomely to leave. Then from there we start a new world order. Yes, I said new world order. The term we’ve all been taught to fear our whole lives. What does the status quo have to be so scared of that it’s brainwashed us all to be scared at the mention of a new world order. That idea is obviously huge and has its own complications. I’m not talking about microchipping everyone either. I’m talking about real freedom. We’ve given up our liberty in pursuit of safety. We given up honest governance in place of partisan wins. I don’t pretend to know the ultimate answer to all things. Just the formula. There are multiple possibilities. I don’t think there is only one way to skin this cat. We can get to the same outcome via many routes as long as the mission is clear. Do what makes the most logical sense and will actually work verses what is politically expedient. Be the solution.
submitted by imenotu8 to deepdiscussions [link] [comments]

The Truth about Warren Buffett?

The Oracle of Omaha has a reputation as the gentle GOAT, but is there more to this than meets the eye?
Is there something that is often overlooked?
Or is this reputation warranted? (get it...warren, warranted?)
Anyway...Let's begin...

The story begins in 1942, when Warren Buffet bought his first shares at the age of just 11.
This is same year that his father Howard Buffett ran for the U.S. House of Representatives in the Nebraska district.
He won, and became a member of Congress in 1943.
Before this, Howard worked at a small stock brokerage firm.
He was reelected twice. However, in 1952, he decided against seeking another term and returned to his investment business in Omaha, Buffett-Falk & Co., where he worked until shortly before his death in 1964.
But what about Warren Buffett?
In 1951, after graduating from Columbia, where he was taught by Benjamin Graham, Buffett worked for three years at his father's firm as an investment salesman.
In 1954, Buffett accepted a job at Benjamin Graham's partnership, working as a securities analyst.
His starting salary was $12,000 a year - the equivalent of $114,000 today.
However, just two years later, Graham retired and Buffett started his own investment partnership.
He went to his father's acquaintances to raise Capital for his first fund.
These were prominent families in Nebraska with big businesses and political connections.
For example, across the street was the family whose son became the CEO of Coca Cola - that family gave him $10,000.

In 2012, the STOCK Act or The Stop Trading on Congressional Knowledge Act was signed into law.
The law prohibits the use of non-public information for private profit, including insider trading by members of Congress and other government employees.
Remember, Buffett's father used to be in Congress.
The only people who were, before 2012, allowed to trade on insider information without having criminal charges brought against them were congressmen.
Remember, Buffett's father was a stock market broker prior to being elected and going to Congress, hence he had a comprehensive knowledge of the stock market and clearly had an interest in it.
After all, it was his father who taught Buffett the ropes early on and had him buy his first shares as an eleven year old.

Imagine you are Warren Buffett, and you can:
1). Get insider information to trade on it;
2). Get a six-figure position after College;
3). After a few years, set up your own fund, getting money from wealthy family friends;
4). Pay no dividends to investors and only put a hundred bucks of your own money into the fund;
5). Let the mathematics of compounding work its magic as you bring in more institutional money;
6). Become so connected Politically and connected on Wall Street that you can get special deals, which have practically no risk as you know bailouts are coming. For example, in the 2008 crisis, Berkshire owned stock valued at more than $13 billion in the top recipients of the TARP funds, and Berkshire had at least twice as much dependence on bailed-out banks as any other large investor;
7). Have billions of dollars on hand, remember you aren't paying any dividends to investors, ready for the inevitable economic recession to hit so that you can sweep up cheap assets;
8). Be holier-than-thou (i.e. calling derivatives "financial weapons of mass destruction" when, during the height of the 2008 crisis, Berkshire sold more than $2.5 billion worth of credit default swaps. OR what about Buffett's reputation as the saviour in the Great Recession when Berkshire is the majority owner of Moody's, who played a key role in inflating the crisis in 2008 - via their questionable debt and derivative ratings which inflated the mortgage and subprime market).

What about Buffett's status as the GOAT?
Jim Simons has a far superior track record.
Billionaire Chamath Palihapitiya has even stated that Jeff Bezos is the best investor of our generation, not Warren Buffett.

Buffett has missed out on an entire raft of tech and Berkshire has underperformed the S&P 500 in recent years.
Berkshire's best years are found overwhelmingly in the period before the tech era.
Also, he has been critical of Bitcoin, describing it as "rat poison squared"
Ultimately, Buffett is worth $73 billion, he doesn't need to have an in-depth understanding of new age tech.
Moreover, Buffett has a huge stake in Finance 1.0, why would he give props to Finance 2.0?
Bitcoin as a savings vehicle is misaligned with Berkshire's don't-save-money-invest-it-in-us or consume more of the products of the businesses that Berkshire has a huge stake in, and is also misaligned with Berkshire's Cantillon insider advantages.

It's worth noting that Howard Buffett strongly supported the gold standard because he believed it would limit the ability of government to inflate the money supply and spend beyond its means. Here is a direct quote from Howard:
"I warn you that politicians of both parties will oppose the restoration of gold, although they may outwardly seemingly favor it, unless you are willing to surrender your children and your country to galloping inflation, war and slavery then this cause demands your support. For if human liberty is to survive in America, we must win the battle to restore honest money. There is no more important challenge facing us than this issue -- the restoration of your freedom to secure gold in exchange for the fruits of your labors."
His son Warren, however, hates gold. See the Cantillon Effect as to why.
Some have even argued that Buffett's success can be summarised by the following:
First Deals = Insider Information
Last Deals = Cantillon Effect
What are your thoughts?
Is it true... or false?
https://www.youtube.com/watch?v=3UpTUBgUYgc
submitted by financeoptimum to Libertarian [link] [comments]

Where can I post this to get exposure and feedback? I’ve been banned from big threads already and this is my 4th post on Reddit ever. I just want to start the discussion.

Save yourself some time and don’t read this. You’ll never get it, unless you do. In which case I hope you enjoy and think about what I’ve said. You may not agree with it all but you can’t deny it all either. The problem is that I’m right. So am I saying I think the vast majority of the world is wrong and I am right? Yes. It’s not easy to be right when most everyone else is wrong. You’re constantly misunderstood or dismissed. No I haven’t lost it. I’m totally sane. Maybe the most sane I’ve ever been. That probably sounds crazy and maybe it is but if this is crazy I don’t ever want to be sane again.
It’s all of it. It’s not just black or white it’s gray. It’s a mix of the major competing ideas and a cherry picking of the best of those ideas. It’s the new ideas that keep up with our time. There-in lies the solution to our problems. Compromise and use the best parts of the major competing ideas not just one or the other. Think about healthcare. We need both a public and private option. We can’t have just one. We need both. A public option for the poor or disenfranchised and a private option for the wealthy and those who can afford to get private insurance. Wet markets and factory farming will be the death of us if we don’t outlaw that shit worldwide as soon as possible. Yes this means less meat in our diets. Look at the data. This is actually good for us. Take climate change. We can’t just stop using fossil fuels tomorrow. We need to phase them out while figuring out how much we can burn without negatively effecting our environment and then allowing the poorest countries to continue using fossil fuels in the interim while they grow their economies to prearranged milestones where they must phase in renewables. Take capitalism. Our society’s trade platform. It must be a mix of capitalism with restraints and restrictions strategically implemented to thwart the worst parts of greed, corruption and pollution. Along with a public option for healthcare and education. It’s socialism and capitalism meshed together. Republican or Democrat? We need a third option. The ruling party. The party that uses the best parts of both ideas and dumps the junk bunk bullshit that drags us down. The tie breaking vote cast in favor of either side, whenever it is they happen to have the better idea. This ruling class is called the Digerati. Not my term. They need to be the deciding voice of reason because they see the world for what it is. They are already silently leading the world. They are the Facebooks the Googles the Microsofts the Ubers the Teslas. I could go on. The Expedias the Amazons, you get the point. They have seen that digital technology trumps old analog technology in almost every industry. They have come in and dominated the old with the new. Taking voting for instance. We need to offer all viable options to increase voter turnout and opportunity. That means in-person, mail-in, Internet, and smartphone via blockchain. Putin will rule us all if we don’t band together against him. Hopefully I’m wrong there and his overreach will be the death of him, but that’s for time to tell. It’s not just religion or atheism and nothing in between. It’s spirituality. No not the traditional Christian soul “spirit” bullshit. Nothing supernatural in the standard sense. It’s the interconnectedness of everything down to a basic atomic level that binds all things. The problem also lies in our broken criminal justice system and the for-profit prisons that lobby to keep it that way. It’s the NRA and the gun lobby stopping us from having common sense gun law and closing the purchase and tracking loopholes. It’s the corrupt gang of thugs called the police who kill innocent people on the regular with seemingly no ramifications. It’s the irrational and crooked stock market putting this false face on the economy but we don’t have any other simple numbers to base the complexity of the economy on so we deal with it. We let these Wall Street crooks live in their ivory towers laughing at us. Selling us bits of 1’s and 0’s in the cloud somewhere that we never actually own. If we did they’d give us all our proportion of the profits equivalent to the shares we own. It happens but rarely. It’s just as bullshit as the concept of paper money backed by the Fed and nothing else. Even gold, what’s that worth anyway? Seems to me something is only worth its weight in what it can do or provide. Gold has its uses and therefore has value but it’s still an inflated illusion. Not that bitcoin isn’t based on a similar illusion but it’s far superior to paper money. More important than just bitcoin is the blockchain technology itself. This is going to change the way we do everything. All the big companies and leaders already know what’s coming. It’s going to change banking, voting, critical infrastructure security, contract law, stock trading, real estate, healthcare, supply chain management, music and entertainment property rights and IP etc etc etc. I could list 40-50 major industries that will be impacted in a huge way by blockchain. All technology is growing faster and faster. Exponentially so. So fast we can’t comprehend it. The growth of AI and the invention of bitcoin are changing the world so fast you can’t even see it. My point is it’s all going to change very fast. This country is not long for this world if we don’t make some massive changes, and I mean quickly. No more assholes like Trump ever can be elected to such high offices. Never let the stupid overtake the enlightened again because of technicalities. All these crooked politicians need to go to jail. For life. To set the example for all time. This bullshit will not be tolerated. The Constitution has failed us. Just look at the dysfunction in the Congress and Senate and now the White House. We’ve had some clowns in office before but nothing this extreme. China is going to overtake the USA in digital and cryptocurrency as they are embracing the technology far more. Bitcoin is coming for your wallets so you better get onboard or get left behind. New digital millionaires and billionaires are being minted daily. The world is becoming increasingly more dangerous every day. The poor and the left-out are growing in numbers and it’s only going to get worse. Those who can see, I mean truly SEE what’s going on, will rule the world. Those who don’t see it will be pushed further and further down out of the middle class and into poverty. This is going to create great disparities of wealth beyond anything the world has seen in quite some time. Think India’s caste system on steroids. So what can we do? We can embrace the future. We get as much bitcoin as we can get our hands on as soon as possible before only the elite have access to one whole bitcoin. Don’t pick up the scraps. Make your own way now. Don’t let the asshats rule the world. The Trumps the Putins the Bolsonaros and the Boris Johnsons of the world can’t be left in power. They are destroying everything we know and love. There are major political changes happening right now that will negatively impact all of our lives. They are the fault of McConnell, Trump, all the judges he’s appointed, and the entire Republican establishment. The Democrats are only marginally better. We need to throw out our failed institutions and start over with lessons learned. We need to actually make a real separation of Church and State. No more muddy water. No more bullshit child rape organizations like the Catholic Church allowed to claim tax free status and then take PPP Loans from our tax dollars. If they are a business that can receive PPP then they can be taxed like one. And why isn’t the Pope in jail. If I was the lead architect for covering up thousands of child rapes you can bet your ass there would be an international warrant for my arrest but instead he’s treated like a top celebrity and revered by some as next to “God”. There is a better way. Now is the time to move forward with plans to right the ship. Arguably there has never been a better more apropos time than now. This pandemic has pushed our country to the brink of failure. We also probably need to think about a backup plan. A plan to create a new country with those who understand what’s really happening. I’m not sure what exactly that looks like. Maybe we secede California or Texas from the union. Maybe we let Bezos buy an African country and pay all of its citizens handsomely to leave. Then from there we start a new world order. Yes, I said new world order. The term we’ve all been taught to fear our whole lives. What does the status quo have to be so scared of that it’s brainwashed us all to be scared at the mention of a new world order. That idea is obviously huge and has its own complications. I’m not talking about microchipping everyone either. I’m talking about real freedom. We’ve given up our liberty in pursuit of safety. We given up honest governance in place of partisan wins. I don’t pretend to know the ultimate answer to all things. Just the formula. There are multiple possibilities. I don’t think there is only one way to skin this cat. We can get to the same outcome via many routes as long as the mission is clear. Do what makes the most logical sense and will actually work verses what is politically expedient. Be the solution.
submitted by imenotu8 to DeepConversation [link] [comments]

The Truth about Warren Buffett?

The Oracle of Omaha has a reputation as the gentle GOAT, but is there more to this than meets the eye?
Is there something that is often overlooked?
Or is this reputation warranted? (get it...warren, warranted?)
Anyway...Let's begin...

The story begins in 1942, when Warren Buffet bought his first shares at the age of just 11.
This is same year that his father Howard Buffett ran for the U.S. House of Representatives in the Nebraska district.
He won, and became a member of Congress in 1943.
Before this, Howard worked at a small stock brokerage firm.
He was reelected twice. However, in 1952, he decided against seeking another term and returned to his investment business in Omaha, Buffett-Falk & Co., where he worked until shortly before his death in 1964.
But what about Warren Buffett?
In 1951, after graduating from Columbia, where he was taught by Benjamin Graham, Buffett worked for three years at his father's firm as an investment salesman.
In 1954, Buffett accepted a job at Benjamin Graham's partnership, working as a securities analyst.
His starting salary was $12,000 a year - the equivalent of $114,000 today.
However, just two years later, Graham retired and Buffett started his own investment partnership.
He went to his father's acquaintances to raise Capital for his first fund.
These were prominent families in Nebraska with big businesses and political connections.
For example, across the street was the family whose son became the CEO of Coca Cola - that family gave him $10,000.

In 2012, the STOCK Act or The Stop Trading on Congressional Knowledge Act was signed into law.
The law prohibits the use of non-public information for private profit, including insider trading by members of Congress and other government employees.
Remember, Buffett's father used to be in Congress.
The only people who were, before 2012, allowed to trade on insider information without having criminal charges brought against them were congressmen.
Remember, Buffett's father was a stock market broker prior to being elected and going to Congress, hence he had a comprehensive knowledge of the stock market and clearly had an interest in it.
After all, it was his father who taught Buffett the ropes early on and had him buy his first shares as an eleven year old.

Imagine you are Warren Buffett, and you can:
1). Get insider information to trade on it;
2). Get a six-figure position after College;
3). After a few years, set up your own fund, getting money from wealthy family friends;
4). Pay no dividends to investors and only put a hundred bucks of your own money into the fund;
5). Let the mathematics of compounding work its magic as you bring in more institutional money;
6). Become so connected Politically and connected on Wall Street that you can get special deals, which have practically no risk as you know bailouts are coming. For example, in the 2008 crisis, Berkshire owned stock valued at more than $13 billion in the top recipients of the TARP funds, and Berkshire had at least twice as much dependence on bailed-out banks as any other large investor;
7). Have billions of dollars on hand, remember you aren't paying any dividends to investors, ready for the inevitable economic recession to hit so that you can sweep up cheap assets;
8). Be holier-than-thou (i.e. calling derivatives "financial weapons of mass destruction" when, during the height of the 2008 crisis, Berkshire sold more than $2.5 billion worth of credit default swaps. OR what about Buffett's reputation as the saviour in the Great Recession when Berkshire is the majority owner of Moody's, who played a key role in inflating the crisis in 2008 - via their questionable debt and derivative ratings which inflated the mortgage and subprime market).

What about Buffett's status as the GOAT?
Jim Simons has a far superior track record.
Billionaire Chamath Palihapitiya has even stated that Jeff Bezos is the best investor of our generation, not Warren Buffett.
Buffett has missed out on an entire raft of tech and Berkshire has underperformed the S&P 500 in recent years.
Berkshire's best years are found overwhelmingly in the period before the tech era.
Also, he has been critical of Bitcoin, describing it as "rat poison squared"
Ultimately, Buffett is worth $73 billion, he doesn't need to have an in-depth understanding of new age tech.
Moreover, Buffett has a huge stake in Finance 1.0, why would he give props to Finance 2.0?
Bitcoin as a savings vehicle is misaligned with Berkshire's don't-save-money-invest-it-in-us or consume more of the products of the businesses that Berkshire has a huge stake in, and is also misaligned with Berkshire's Cantillon insider advantages.
It's worth noting that Howard Buffett strongly supported the gold standard because he believed it would limit the ability of government to inflate the money supply and spend beyond its means. Here is a direct quote from Howard:
"I warn you that politicians of both parties will oppose the restoration of gold, although they may outwardly seemingly favor it, unless you are willing to surrender your children and your country to galloping inflation, war and slavery then this cause demands your support. For if human liberty is to survive in America, we must win the battle to restore honest money. There is no more important challenge facing us than this issue -- the restoration of your freedom to secure gold in exchange for the fruits of your labors."
His son Warren, however, hates gold. See the Cantillon Effect as to why.
Some have even argued that Buffett's success can be summarised by the following:
First Deals = Insider Information
Last Deals = Cantillon Effect
What are your thoughts?
Is it true... or false?
https://www.youtube.com/watch?v=3UpTUBgUYgc
submitted by financeoptimum to Money [link] [comments]

The Truth about Warren Buffett?

The Oracle of Omaha has a reputation as the gentle GOAT, but is there more to this than meets the eye?
Is there something that is often overlooked?
Or is this reputation warranted? (get it...warren, warranted?)
Anyway...Let's begin...

The story begins in 1942, when Warren Buffet bought his first shares at the age of just 11.
This is same year that his father Howard Buffett ran for the U.S. House of Representatives in the Nebraska district.
He won, and became a member of Congress in 1943.
Before this, Howard worked at a small stock brokerage firm.
He was reelected twice. However, in 1952, he decided against seeking another term and returned to his investment business in Omaha, Buffett-Falk & Co., where he worked until shortly before his death in 1964.
But what about Warren Buffett?
In 1951, after graduating from Columbia, where he was taught by Benjamin Graham, Buffett worked for three years at his father's firm as an investment salesman.
In 1954, Buffett accepted a job at Benjamin Graham's partnership, working as a securities analyst.
His starting salary was $12,000 a year - the equivalent of $114,000 today.
However, just two years later, Graham retired and Buffett started his own investment partnership.
He went to his father's acquaintances to raise Capital for his first fund.
These were prominent families in Nebraska with big businesses and political connections.
For example, across the street was the family whose son became the CEO of Coca Cola - that family gave him $10,000 (in the 50′s).

In 2012, the STOCK Act or The Stop Trading on Congressional Knowledge Act was signed into law.
The law prohibits the use of non-public information for private profit, including insider trading by members of Congress and other government employees.
Remember, Buffett's father used to be in Congress.
The only people who were, before 2012, allowed to trade on insider information without having criminal charges brought against them were congressmen.
Remember, Buffett's father was a stock market broker prior to being elected and going to Congress, hence he had a comprehensive knowledge of the stock market and clearly had an interest in it.
After all, it was his father who taught Buffett the ropes early on and had him buy his first shares as an eleven year old.

Imagine you are Warren Buffett, and you can:
1). Get insider information to trade on it;
2). Get a six-figure position after College;
3). After a few years, set up your own fund, getting money from wealthy family friends;
4). Pay no dividends to investors and only put a hundred bucks of your own money into the fund;
5). Let the mathematics of compounding work its magic as you bring in more institutional money;
6). Become so connected Politically and connected on Wall Street that you can get special deals, which have practically no risk as you know bailouts are coming. For example, in the 2008 crisis, Berkshire owned stock valued at more than $13 billion in the top recipients of the TARP funds, and Berkshire had at least twice as much dependence on bailed-out banks as any other large investor;
7). Have billions of dollars on hand, remember you ain't paying any dividends to investors, ready for the inevitable economic recession to hit so that you can sweep up cheap assets;
8). Be holier-than-thou (i.e. calling derivatives "financial weapons of mass destruction" when, during the height of the 2008 crisis, Berkshire sold more than $2.5 billion worth of credit default swaps. OR what about Buffett's reputation as the saviour in the Great Recession when Berkshire is the majority owner of Moody's, who played a key role in inflating the crisis in 2008 - via their questionable debt and derivative ratings which inflated the mortgage and subprime market).

What about Buffett's status as the GOAT?
Jim Simons has a far superior track record.
Billionaire Chamath Palihapitiya has even stated that Jeff Bezos is the best investor of our generation, not Warren Buffett.

Buffett has missed out on an entire raft of tech and Berkshire has underperformed the S&P 500 in recent years.
Berkshire's best years are found overwhelmingly in the period before the tech era.
Also, he has been critical of Bitcoin, describing it as "rat poison squared"
Ultimately, Buffett is worth $73 billion, he doesn't need to have an in-depth understanding of new age tech.
Moreover, Buffett has a huge stake in Finance 1.0, why would he give props to Finance 2.0?
Bitcoin as a savings vehicle is misaligned with Berkshire's don't-save-money-invest-it-in-us or consume more of the products of the businesses that Berkshire has a huge stake in, and is also misaligned with Berkshire's Cantillon insider advantages.

It's worth noting that Howard Buffett strongly supported the gold standard because he believed it would limit the ability of government to inflate the money supply and spend beyond its means. Here is a direct quote from Howard:
"I warn you that politicians of both parties will oppose the restoration of gold, although they may outwardly seemingly favor it, unless you are willing to surrender your children and your country to galloping inflation, war and slavery then this cause demands your support. For if human liberty is to survive in America, we must win the battle to restore honest money. There is no more important challenge facing us than this issue -- the restoration of your freedom to secure gold in exchange for the fruits of your labors."
His son Warren, however, hates gold. See the Cantillon Effect as to why.
Some have even argued that Buffett's success can be summarised by the following:
First Deals = Insider Information
Last Deals = Cantillon Effect
What are your thoughts?
Is it true... or false?
https://www.youtube.com/watch?v=3UpTUBgUYgc
submitted by financeoptimum to economy [link] [comments]

The Truth about Warren Buffett?

The Oracle of Omaha has a reputation as the gentle GOAT, but is there more to this than meets the eye?
Is there something that is often overlooked?
Or is this reputation warranted? (get it...warren, warranted?)
Anyway...Let's begin...
The story begins in 1942, when Warren Buffet bought his first shares at the age of just 11.
This is same year that his father Howard Buffett ran for the U.S. House of Representatives in the Nebraska district.
He won, and became a member of Congress in 1943.
Before this, Howard worked at a small stock brokerage firm.
He was reelected twice. However, in 1952, he decided against seeking another term and returned to his investment business in Omaha, Buffett-Falk & Co., where he worked until shortly before his death in 1964.
But what about Warren Buffett?
In 1951, after graduating from Columbia, where he was taught by Benjamin Graham, Buffett worked for three years at his father's firm as an investment salesman.
In 1954, Buffett accepted a job at Benjamin Graham's partnership, working as a securities analyst.
His starting salary was $12,000 a year - the equivalent of $114,000 today.
However, just two years later, Graham retired and Buffett started his own investment partnership.
He went to his father's acquaintances to raise Capital for his first fund.
These were prominent families in Nebraska with big businesses and political connections.
For example, across the street was the family whose son became the CEO of Coca Cola - that family gave him $10,000.
In 2012, the STOCK Act or The Stop Trading on Congressional Knowledge Act was signed into law.
The law prohibits the use of non-public information for private profit, including insider trading by members of Congress and other government employees.
Remember, Buffett's father used to be in Congress.
The only people who were, before 2012, allowed to trade on insider information without having criminal charges brought against them were congressmen.
Remember, Buffett's father was a stock market broker prior to being elected and going to Congress, hence he had a comprehensive knowledge of the stock market and clearly had an interest in it.
After all, it was his father who taught Buffett the ropes early on and had him buy his first shares as an eleven year old.
Imagine you are Warren Buffett, and you can:
1). Get insider information to trade on it;
2). Get a six-figure position after College;
3). After a few years, set up your own fund, getting money from wealthy family friends;
4). Pay no dividends to investors and only put a hundred bucks of your own money into the fund;
5). Let the mathematics of compounding work its magic as you bring in more institutional money;
6). Become so connected Politically and connected on Wall Street that you can get special deals, which have practically no risk as you know bailouts are coming. For example, in the 2008 crisis, Berkshire owned stock valued at more than $13 billion in the top recipients of the TARP funds, and Berkshire had at least twice as much dependence on bailed-out banks as any other large investor;
7). Have billions of dollars on hand, remember you aren't paying any dividends to investors, ready for the inevitable economic recession to hit so that you can sweep up cheap assets;
8). Be holier-than-thou (i.e. calling derivatives "financial weapons of mass destruction" when, during the height of the 2008 crisis, Berkshire sold more than $2.5 billion worth of credit default swaps. OR what about Buffett's reputation as the saviour in the Great Recession when Berkshire is the majority owner of Moody's, who played a key role in inflating the crisis in 2008 - via their questionable debt and derivative ratings which inflated the mortgage and subprime market).
What about Buffett's status as the GOAT?
Jim Simons has a far superior track record.
Billionaire Chamath Palihapitiya has even stated that Jeff Bezos is the best investor of our generation, not Warren Buffett.
Buffett has missed out on an entire raft of tech and Berkshire has underperformed the S&P 500 in recent years.
Berkshire's best years are found overwhelmingly in the period before the tech era.
Also, he has been critical of Bitcoin, describing it as "rat poison squared"
Ultimately, Buffett is worth $73 billion, he doesn't need to have an in-depth understanding of new age tech.
Moreover, Buffett has a huge stake in Finance 1.0, why would he give props to Finance 2.0?
Bitcoin as a savings vehicle is misaligned with Berkshire's don't-save-money-invest-it-in-us or consume more of the products of the businesses that Berkshire has a huge stake in, and is also misaligned with Berkshire's Cantillon insider advantages.
It's worth noting that Howard Buffett strongly supported the gold standard because he believed it would limit the ability of government to inflate the money supply and spend beyond its means. Here is a direct quote from Howard:
"I warn you that politicians of both parties will oppose the restoration of gold, although they may outwardly seemingly favor it, unless you are willing to surrender your children and your country to galloping inflation, war and slavery then this cause demands your support. For if human liberty is to survive in America, we must win the battle to restore honest money. There is no more important challenge facing us than this issue -- the restoration of your freedom to secure gold in exchange for the fruits of your labors."
His son Warren, however, hates gold. See the Cantillon Effect as to why.
Some have even argued that Buffett's success can be summarised by the following:
First Deals = Insider Information
Last Deals = Cantillon Effect
What are your thoughts?
Is it true... or false?
https://www.youtube.com/watch?v=3UpTUBgUYgc
submitted by financeoptimum to ConcentrationOfWealth [link] [comments]

I'm A Teenage Bitcoin Millionaire - YouTube Bitcoin Billionaires This Bitcoin millionaire who lives in tree house Top 5 Richest Bitcoin Owners Billionaire talks about Bitcoin

Bitcoin miner Layer1 is turning that dream into reality — having figured out how to make money even when its machines are turned off. Layer1 is a cryptocurrency startup backed by the likes of The Bitcoin Billionaire SCAM software and automated trading app would have you believe that it generates $6,325 every day for it's members. There is also mention of a trading app which is 0.01 seconds faster than the rest. In reality Bitcoin Billionaire is a cloned app designed to steal money. Warning. Bitcoin Billionaire is a bitcoin trading robot claiming to allow inexperienced users to make money without needing to know much about online trading. We’ve decided to test the platform to find The use of Bitcoin in illicit activities has always been one of its demerits in regulators’ eyes. Naysayers have always pointed to the asset’s propensity for evading law enforcement as a Furthermore, the top 10 Bitcoin addresses house 5.1 percent of the total supply, the top 100 14.3 percent, and the top 1000 34.8 percent. Company with a market cap closest to Bitcoin

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I'm A Teenage Bitcoin Millionaire - YouTube

Subscribe to the TechCashHouse to learn everything you need to know about bitcoin, bitcoin news, cryptocurrencies, stocks, investing, and more! Manage your cash, and be informed. Let's grow ... 18- year-old Erik Finman made his own rules when he invested in Bitcoin and left high school to start his own business BLACK Bitcoin Millionaire goes house shopping for $500,000 HOUSE ... Pomp Podcast #256: Billionaire Chamath Palihapitiya on How To Invest in This Crisis - Duration: 1:22:42. From Ben Mezrich, the New York Times bestselling author of The Accidental Billionaires and Bringing Down the House, comes Bitcoin Billionaires--the fascinating story of brothers Tyler and Cameron ... Billionaire talks about Bitcoin. Loading... Autoplay When autoplay is enabled, a suggested video will automatically play next. ... Living Big In A Tiny House Recommended for you. 22:00.