Warren Buffett never speculated nor attempted to predict future values. An example of what he did, according to his biography 's Biography ''Snowball" - find a company that has huge amounts of cash. Divide the total number of shares of that into that total cash amount.
Let's say that number comes out to be 59 dollars per share, look up on the market the current stock price, in this example you find it is 19 dollars market value, a 50 dollar difference. So, you buy up shares of that company until your number puts you on the board of control of that company and then you suck out all the cash.
And then find another company and do the same and then you use compound interest to build your wealth because you never spend any money. (Warren bought a home for 30,000 USD and at the time and later he suffered because he knew that if he invested that money it would be worth a million and the home was not an investment).
Then over 30-40 years at what turned out to be his medium average of 23% return a year where did he end up? Well a person who invested with him 1000 dollars that 1000 became 1 million dollars. Compound interest is not speculation or a prediction it is a fact.
So why invest in gold, bitcoin, crypto coin, buy lottery tickets or gamble at the Casino?
The problem with gold is that it has value. It has never been a currency. What is currency? It is not value. Currency is Debt. And the only thing you can trust with Debt is government. So, which Government do you trust?
If you chose one...you made a prediction and predictors always lose! Geo-diversify your wealth, learn how to invest offshore in a registered, regulated and recognized (by G20 Governments) as GATCA (global account tax compliance act).
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