2026 TeoTwawKi ... 2032 Darkest Interregnum Message Board

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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 378.35

+2.7%

Nov 10 4:00 PM EST

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To: TobagoJack who wrote (169963)	3/28/2021 12:45:32 AM
From: sense	1 Recommendation Recommended By SirWalterRalegh Read Replies (1) of 217660

Buffett's Rule of Thumb... don't invest in things you don't understand ? Reasons for that are multiple... but one is that every "new" thing tends to develop its own language, and that new language is used deliberately to craft barriers between the cool kids who are insiders and the other. That's true in every area of human endeavor... it's not that you don't have the ability to understand physics... its just that you don't know the language they're speaking when they talk about it... so you can't know or understand what they're talking about because of the huge language barrier. And the language tends to be esoteric and nonsensical... on purpose. It's a club... and you ain't in it... [an edit... teaching the kids that's how the language is used... makes subjects less daunting when they know it "isn't them" but "the language" used that way to confuse them that is the source of barriers to understanding. And, learning the language means first becoming a translator for yourself... which also enables becoming one for others, too...] That's why they had to reformulate the acronym for MOPE from Management of Performance Expectations... too easily understood as "lying to you to get you to do what we want"... to Management of Perspective Economics... confusing enough people aren't sure what it means... And that's the other core set of reasons to not invest in that which you don't understand... because if you don't understand it... there's a pretty good chance its bullshit... being spun to baffle you... And, even if its not... the choice to adopt language making it harder to understand... instead of easier... is a trait of a management more likely to fail... both because they can't communicate clearly... and because they don't want to... meaning they've got their priorities wrong. If they don't want you in the club... but will "let" you give them money ? This one described in a language I understand... although done at the cost of not replacing the existing intermediaries... who are still required to facilitate broad acceptance in use... and it gets right to the point that a lot of others try to avoid in talking about how money will be made in exchanges of tokenized things and cryptos... by shattering the dream of disintermediation... to make money through transaction fees... That leaves only questions about who puts in the money to "make it happen"... and who collects the bulk of the value expected to be generated from making it happen... as transaction fees... or whatever crazy made up name you want to invent for transaction fees... and the derivitization of them into fractured flows.

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