This is a first: Warren Buffett made a testable prediction. Interestingly, it looks a lot like Fama's prediciton
http://nordic.businessinsider.com/warren-buffett-on-bitcoin-price-2018-1
"If I could buy a five-year put on every one of the cryptocurrencies, I'd be glad to do it," Buffett said, referring to options trades that would profit from price declines."
Senile old man. At least one crypto project is going to be the next google/facebook/amazon. Imagine he shorted that.
This is a first: Warren Buffett made a testable prediction. Interestingly, it looks a lot like Fama's prediciton
http://nordic.businessinsider.com/warren-buffett-on-bitcoin-price-2018-1"If I could buy a five-year put on every one of the cryptocurrencies, I'd be glad to do it," Buffett said, referring to options trades that would profit from price declines."
Senile old man. At least one crypto project is going to be the next google/facebook/amazon. Imagine he shorted that.
Those companies actually do something useful.
"If I could buy a five-year put on every one of the cryptocurrencies, I'd be glad to do it," Buffett said, referring to options trades that would profit from price declines."
Senile old man. At least one crypto project is going to be the next google/facebook/amazon. Imagine he shorted that.
That's why he said he'd buy a put and would never short any cryptocurrency. Don't call people senile when you don't even know the basics of trading.
The problem with all negative bitcoin analyses is you don't know if it's contaminated with the person't butthurtness for not buying when cheap.
The problem with all positive bitcoin analyses is you don't know if it's contaminated with the person's desire for his bitcoin to go up.
True also
The problem with all negative bitcoin analyses is you don't know if it's contaminated with the person't butthurtness for not buying when cheap.The problem with all positive bitcoin analyses is you don't know if it's contaminated with the person's desire for his bitcoin to go up.
This is a first: Warren Buffett made a testable prediction. Interestingly, it looks a lot like Fama's prediciton
http://nordic.businessinsider.com/warren-buffett-on-bitcoin-price-2018-1"If I could buy a five-year put on every one of the cryptocurrencies, I'd be glad to do it," Buffett said, referring to options trades that would profit from price declines."
Senile old man. At least one crypto project is going to be the next google/facebook/amazon. Imagine he shorted that.
This sounds like BS.
Buffett could walk into any investment bank and negotiate just such a contract OTC.
There is no price at which they'd sell him a put? The value of the put at expiry can't be greater than the strike price and do the value of the put today can't be greater than the discounted strike price.