09-20-2022, 10:13 AM
The recent crypto carnage is brutal, but love him or hate him, Buffett’s got this
<!-- SC_OFF --><div class="md"><p>The crypto space obviously isn’t in the best shape at the moment, and I think the sell-off post merge has caught people off guard in particular, as it certainly has been a focal point for some time. </p> <p>In times like this, I think perspective is important, and I like Buffett’s words on the matter. </p> <p>Warren ‘Big Belt’ Buffett, the world’s most successful investor. I’m guessing that’s what his friends call him, I would with that last name. </p> <p>Anyway. His name creates a little binary divide, some hail the man as an investing genius and others here believe him to be out of touch. I think he’s a bit of both personally. </p> <p>Regardless, the man’s made some cash. And one quote that I do love that he once uttered was this one, which I’ve paraphrased to encompass all markets: </p> <p><em>Investing is a device to transfer wealth from the impatient, to the patient.</em></p> <p>Insightful, simple stuff. But by golly, ain’t it the truth! Some odd studies have found that the best investors are dead; they don’t sell their shit! No panic or fomo for the deceased, and it’s something to consider. </p> <p>In any case, I think the general mental health of the sub has taken a battering, mine has at least, and it’s so important to consider that this is just a moment in time and that we’ve been here before, worse, but that <em>patience</em> is the only way to truly win this game. </p> <p>Sincerely, someone who missed out on a cone.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Chooky47"> /u/Chooky47 </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/xiddci/the_recent_crypto_carnage_is_brutal_but_love_him/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/xiddci/the_recent_crypto_carnage_is_brutal_but_love_him/">[comments]</a></span>
<!-- SC_OFF --><div class="md"><p>The crypto space obviously isn’t in the best shape at the moment, and I think the sell-off post merge has caught people off guard in particular, as it certainly has been a focal point for some time. </p> <p>In times like this, I think perspective is important, and I like Buffett’s words on the matter. </p> <p>Warren ‘Big Belt’ Buffett, the world’s most successful investor. I’m guessing that’s what his friends call him, I would with that last name. </p> <p>Anyway. His name creates a little binary divide, some hail the man as an investing genius and others here believe him to be out of touch. I think he’s a bit of both personally. </p> <p>Regardless, the man’s made some cash. And one quote that I do love that he once uttered was this one, which I’ve paraphrased to encompass all markets: </p> <p><em>Investing is a device to transfer wealth from the impatient, to the patient.</em></p> <p>Insightful, simple stuff. But by golly, ain’t it the truth! Some odd studies have found that the best investors are dead; they don’t sell their shit! No panic or fomo for the deceased, and it’s something to consider. </p> <p>In any case, I think the general mental health of the sub has taken a battering, mine has at least, and it’s so important to consider that this is just a moment in time and that we’ve been here before, worse, but that <em>patience</em> is the only way to truly win this game. </p> <p>Sincerely, someone who missed out on a cone.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Chooky47"> /u/Chooky47 </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/xiddci/the_recent_crypto_carnage_is_brutal_but_love_him/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/xiddci/the_recent_crypto_carnage_is_brutal_but_love_him/">[comments]</a></span>