Please, do yourself a favor and tune out the noise from uninformed clowns like Bill Maher and investor dinosaurs Warren Buffet and Charlie Munger. (Warren Buffet doesn’t own Microsoft stock because he doesn’t understand it - and his best friend is Bill Gates. Why would we even care what he thought about Bitcoin or cryptocurrency?) And, zooming out, why would we care about what any of these three old white men who are deeply invested in old financial and media systems have to say? Instead, do yourself a favor and watch the video below. Better yet, watch it, take notes, use Investopedia to look up all of the terms you don’t understand, and then watch it again. Out of every resource and link that I have shared via this newsletter thus far, this is the most important one in regard to gaining an overview of the financial shift that is currently occurring; Pal’s take is an exhibit of analysis (beyond just financial) at its finest.
Best,
Frank
Twitter: @frankcorva