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by prewett 976 days ago
As Warren Buffett says, which would you rather own, a bunch of bits [0] that are going to be the same in 20 years, or shares in a bunch of companies where other people are working day and night to increase the value of the company?

[0] Buffett said "hunk of yellow metal", which unlike Bitcoin, has some intrinsic and widely recognized value

1 comments

Other people are also working day and night to suck out as much value from those companies as possible. Let's not ignore the multiple tried-and-true strategies for siphoning wealth from common-stock shareholders into the pockets of CEOs and board members. That is what the CEOs of most publicly-traded companies are spending their time trying to do. Would you rather own a shiny hunk of gold, or a paper whose value is constantly under attack from smart, Harvard-educated parasites?