The Late Charlie Munger on why he HATED Bitcoin (It can't be controlled) 🚫⛓️💪🪙

11 months ago
274

What you have to realize about these ultra rich investor types is they never give good advice for free. They will always tell you to do the opposite of what they are doing. The game is to be sold, not told. George Soros became the largest holder of Copper stocks this way. Slandered Copper publicly, said it was going to crash, then dumped millions of $ worth of his Copper stocks on the market, which triggered a snowballing effect among investors who copied him. More sellers than buyers = price crash. Once Copper hit a lowest low, Soros bought it all up for pennies on the dollar. This is a trick the ultra wealthy and powerful can pull off to fool you into dumping valuable assets or staying away from them so they can buy them up for cheap. Don't fall for it.

If they really don't like an asset, they don't speak on it. If they are talking about it, especially if they are talking bad about it constantly, there is a 99% chance they are shitting on it so others keep away to keep the price low and the supply accessible for them to scoop it up before the price explodes. These men didn't get rich by being dumb. Learn to read through the lines and make your purchases accordingly.

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