Subject: Re: Munger, crypto fights back
Bitcoin has for the most part become one of the, if not t-h-e, focus of every investment forum. There's nowhere to go to discuss business that doesn't get infiltrated by those needing some release of their crypto narrative.
It is the byproduct of an upwards to the right price chart that at least for some period "beats" the the performance of the topic that the board was created to discuss. Hot popular stocks, particularly the ones with significant speculation, can play this role too.
I've been on a Berkshire boards now getting close to 30 years and this one-upping facet, which I consider very childlike, has been very consistent and follows the obvious choices of each particular time frame. Again, it is always something the forum board was designed partly to escape such discussion.
I'm not at all a special investor but I am reasonably old and have held some stocks that I inherited (they were in a trust, my parents died when I was very young) plus bought some others that have had fabulous success, some even today are still producing crazy success such as AJ Gallagher. Yet I've found that there are few if any who are here who have any interest in these business, so I simply mostly don't bring them up.
I wish the crypto/Bitcoin crowd would follow such an example. But that won't happen! LOL!
For my entertainment on another board, I sort of snuck around and pryed open the "story" of a crypto poster, the dominant attention grabber there. The board is pretty much some knowledable intelligent types and many are dealing with significant money. The crypto poster who had gained a lot of control of the entire investment forum atmosphere? He had $5,000 invested in Bitcoin...and he stated emphatically that thought he would have one million by 2025 and certainly before 2035.
For a short period there was little crypto posting. But then it was right back where it had been!