Be the first to like this.

2 comment(s). Last comment by calvintaneng 2022-06-13 08:15

calvintaneng

56,632 posts

Posted by calvintaneng > 2022-06-13 08:10 | Report Abuse

Warren Buffet said give him all the Bitcoin in the world and he wouldn't even pay USD25 for it. Because Bitcoin produces nothing and the way to make money from Bitcoin is to sell it at a higher price to another person

But he said give him all the farmlands in USA and he is willing to pay USD25 BILLIONS for them
Calvin adds:
"Farmland produces food and soybean can be use as biofuel and both are useful for man"

The equivalent to Farmlands are plantation stocks of Malaysia and Indonesia

calvintaneng

56,632 posts

Posted by calvintaneng > 2022-06-13 08:15 | Report Abuse

See the difference ?

You can only make money by selling Bitcoin at a higher price to people

For farmlands you make money from the fruit and bounty from the soil

One is by luck and gambling or zero sum game
You do nothing

Another is by diligence, hard work toiling patiently
Lots of work needed

The Book says he who does no work let him also not eat

Post a Comment
Market Buzz