LordFaquaad
LordFaquaad t1_j3spvq1 wrote
Reply to comment by l86rj in [OC] Six out of the top 10 best-performing currencies of 2022 were Latin American. #2 worldwide was Uruguay by latinometrics
It's due to the debt the country has partly due to the fifa world cup. It's the main reason they have that nationalist guy as president
LordFaquaad t1_j3sebho wrote
Reply to comment by Elbynerual in [OC] Mr. Buffett - The Older The Wealthier by LeverageShares
80k would last you 3 years max and that's if you live frugally. If you think growing 80k into billions is easy, please go to r/wsb and let me know how that goes.
LordFaquaad t1_j3s0wgj wrote
Reply to comment by Elbynerual in [OC] Mr. Buffett - The Older The Wealthier by LeverageShares
80k isn't really alot of money in investing. It's the equivalent of a drop in the ocean. Also he did work during his teen years doing paper routes and other odd jobs. Compared to buffet, bozos, gates etc. Were given far more
LordFaquaad t1_j3rzq86 wrote
Reply to comment by urgjotonlkec in [OC] Mr. Buffett - The Older The Wealthier by LeverageShares
You're telling me that every major investor is just luck? It had nothing to do with skill, knowledge and understanding?
Also the efficient market states that prices are representative of assets. This is simply not true in the current market. The market isn't a casino that has priced in everything all thr time. The companies have Financials and based on those Financials and other factors, investors make decisions.
LordFaquaad t1_j3rzfl8 wrote
Reply to comment by mackinator3 in [OC] Mr. Buffett - The Older The Wealthier by LeverageShares
Then invest in Lehman in 2000 and lmk how that investment turned out
LordFaquaad t1_j3rqk9v wrote
Reply to comment by urgjotonlkec in [OC] Mr. Buffett - The Older The Wealthier by LeverageShares
The difference is that roulette is a game of chance and investing in good companies isn't. That's the entire thesis behind value investing which buffett followed. The luck he talks about is getting in at the right time and exiting at the right time.
Speculation happens in the market but the only people that really benefit are the HFT traders, hedge funds and quantfunds / banks due to the trade volume/ speed of transaction. The market isn't based so much on chance as people think especially if you have enough money to move the direction of the stock
LordFaquaad t1_j3rpkdc wrote
Reply to comment by Elbynerual in [OC] Mr. Buffett - The Older The Wealthier by LeverageShares
Could you point to the source please, I've not heard this. I know his dad was a congressman but he passed away when buffett was 33. Far before he was a large investor
LordFaquaad t1_j3rn5y9 wrote
Reply to comment by Elbynerual in [OC] Mr. Buffett - The Older The Wealthier by LeverageShares
Do you mean he had investing partners?
LordFaquaad t1_j3rmuts wrote
Reply to comment by urgjotonlkec in [OC] Mr. Buffett - The Older The Wealthier by LeverageShares
No one lucks into 110 billion lol. There has to be some skill
LordFaquaad t1_iy4rlp4 wrote
Reply to comment by Major_Independence_6 in [OC] 'Big 4' accounting firms are PwC, Deloitte, KPMG, and EY - breaking down how they make money by giteam
Lol collude on billing rates. These firms absolutely compete with one another. It's some of the most competitive behavior I've seen in any industry.
The government does not protect them. Please read up on the PCAOB. No one is forcing their clients to work with them. Clients can always choose to change firms. Idk what you're talking about.
Also they're not really an ogilopolu since firms like GT and RSM also have large assurance practices
LordFaquaad t1_ixe6dc5 wrote
Reply to comment by Loose-Cloud-4356 in Should the state regulate Internet service pricing similar to utilities? by wallet535
And our internet will then be just as shit as the govt services e.g. mbta. I'm not a fan of private internet but having lived in countries that have public internet, it's absolute shit
LordFaquaad t1_j7xuoxx wrote
Reply to comment by Miscellaneous2323 in [OC] Rapid rise in Indian students going abroad by MePiyush
Number of students leaving. Unit is lakh