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Q: Will Buffet be able to finish his lunch?
https://shanghai.ist/2019/06/04/28-year-old-chinese-crypto-entrepreneur-...
I hope Warren is able to get through this little dummies head that cryptocurrency is a joke, but I've had this conversation with Chinese bitcoin investor's before - they don't listen to reason. They think they can make fast money and a lot of it. When TSHTF soon, these fake people investing in fake money will be in a world of hurt.
1 year 33 weeks ago in Money & Banking - China
"They think they can make fast money and a lot of it."
Just think how many more will be reading about this guy dropping 4.5 million to have lunch with some bigshot investor and thinking "Wow, he has sooo much money and face,I want to be able to do that too, think I'll sell the family farm and borrow as much as I can from the extended family and buy some Tronix. This time next year I'll be rich like him. "
Meanwhile, the guy that owns the company is probably converting as much as he can into cash or gold or whatever and working on a Canadian passport for when the shit hits the fan and he has to GTFO before the lynch mob gets him. Or if he isn't, he should be.
Buffet is saved (at least temporarily) from having lunch with this crypto loving idiot. I do give the Chinese government some credit for cracking down on these online exchanges which are clearly laundering the dirty money of the ultra rich Chinese to overseas accounts. I wish the US would step up its efforts to go after these cockroaches.
https://www.cnbc.com/2019/07/25/normally-sedate-charity-lunch-with-warre...
ambivalentmace:
https://www.youtube.com/watch?v=1jdIshuoRBQ
Maybe some one should have listened to this interview in 2010 instead of Warren Buffet.