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Buffett said, if there is 5 year PUT option on any Cryptocurrency, He will buy them, but no way he will short them right now. you think He got 5 years to see the out come even there is PUT options.?Al_Dente wrote:PARADIGM SHIFTS:
“Who the hell wants to hear actors talk?” [Harry Warner, cofounder of Warner Brothers Pictures, 1927]
“I think there is a world market for about five computers” [Thomas J. Watson, chairman of IBM, 1943]
“There is no reason for any individual to have a computer in his home.” [Ken Olsen, cofounder of Digital Equipment, 1977]
Kodak thought that film was forever; Yahoo rejected the opportunity to buy Google for just $1 million; hundreds of other examples show what happens when business leaders don’t pay attention to the changes and opportunities around them.
People who are most successful in the old paradigm are less motivated to see when the new paradigm arrives.
Buffett is 90, Charlie Muenger is 97, are they missing a new paradigm shift ??