26 ms·
In contrast to Warren Buffett, who presumably uses his Coca-Cola shares to buy coffee somewhere.
by freech 9y ago
In contrast to Warren Buffett, who presumably uses his Coca-Cola shares to buy coffee somewhere.
- supermdguy 9y agoNo, but he's certainly hoping that others, possibly including himself, will value Coca-Cola, thus increasing its worth. Similarly, those who buy into cryptocurrency will ideally hope that others will value it as a viable alternative to fiat, thus increasing its worth. This is in contrast to buying into crypto because its worth measured in fiat is increasing on an exchange.
- powvans 9y agoSpecifically they will value the cash flows that the business produces. Is there a Godwin's law for crypto in HN discussions?
- tim333 9y ago> “If I eat 2700 calories a day, a quarter of that is Coca-Cola. I drink at least five 12-ounce servings. I do it everyday.” - Buffett