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Charlie Munger roasts fake gurus
- Thread starter chittychitty
- Start date
Those 'gurus' are just trying to sell you books, courses/seminars or gain social media ad money through clicks and views. 
Many people are suckers for them.
https://www.meetup.com/topics/cashflow/sg/
Many people are suckers for them.
https://www.meetup.com/topics/cashflow/sg/
Charlie Munger is about 100 years old, also Buffet's partner. Yes they made their billions. But they're dinosaurs from another era. They wouldn't touch tech stocks because they don't understand tech. Nor did they try to understand tech, remaining skeptical and cynical. Only in the past years did they start to dabble in Apple and Amazon stocks. But they still hate Tesla and Bitcoin, amongst many others.
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Tesla's main goals are space colonization and global satellite wifi (bypassing all censorship and making telcos go out of business). Don't be distracted by its ugly cars.
Bitcoin (cryptocurrency) is nothing more than a tool to facilitate money laundering. When Bitcoin becomes totally worthless, many of the younger ones will jump off tall buildings. Tong Aik cleanup crew please be on standby.
Don't say like that lah. Keyword here is "disruptive technology". To propel civilisation to greater heights, by showing new and better ways to doing things differently. Tesla, SpaceX will change the world. In the same way biotech firms are researching gene therapy, genome sequencing etc. Exciting time ahead.Tesla's main goals are space colonization and global satellite wifi (bypassing all censorship and making telcos go out of business). Don't be distracted by its ugly cars.
Bitcoin (cryptocurrency) is nothing more than a tool to facilitate money laundering. When Bitcoin becomes totally worthless, many of the younger ones will jump off tall buildings. Tong Aik cleanup crew please be on standby.
As for bitcoin, my only complaint is it's in a dip now. KNN! A recent debate between two very wealthy guys. One a bitcoin bull, the other a bitcoin bear. FYI
Cryptocurrency will have to be backed by gold, otherwise the only disruption you crypto punters will get are your dreams.
Cryptocurrency is backed by demand, supply, faith in the blockchain system. Not all currencies are backed by gold, it's backed by the faith and trust that people have in the government that issues them.Cryptocurrency will have to be backed by gold, otherwise the only disruption you crypto punters will get are your dreams.
