Nope. Value investors also look at things like price to book ratio. Like I said, Sharpe ratio is a ridiculously over simplistic way to look at something. Making decisions based on a single metric is begging to lose.
If Deusch Bank's p/e ratio of 0.42 was based on actually believable accounting it would be a great buy.
At that price Richard Geere is supposed to fly into town, date Julia Roberts, break up the company and sell it.
Who says I'm suffering? Do you see Buffet out there begging in the street?
I'm fine.
Value investing appeals to the ego of the pseudo-intellectuals, but at some point you really have to take a deep dive on why you keep under performing the market?
LBO's and the stuff of movies, but has it happened recently and were you able to benefit?
Gordon Gecko and Richard Gere are from a time when fiat money was scarce and we had real interest rate (above inflation)
The high-yield spread now is too tight, the fiat money is plentiful, a high percentage of public companies are zombie companies able to finance operations by being able borrow cheaply through issuance of debt and retail value investors are buying them to chase yields where TINA
You wish to ride the coattails of Buffett, but you do not understand how Berkshire is a privileged investor which you are not
Berkshire has corporate tax advantages, and boardroom decision making, and that's why insurance business is a great investment for access to large pools of capitals which has synergies to banks and access to books and financial information
Valuable financial and economic and industry actionable information provided to the privileged investors not the retail value investors
Did you even break down why Buffett invested in an overpriced company that has no growth growth AAPL? Perhaps it's to take advantage of the dividends and the built-in buybacks voted by the board (guess who gets a big vote) to support the share price as large investors dump shares occasionally to take advantage of the passive investors 401k, IRA's $ and other index fund flows
You are suffering because you are not a Buffett privilege investor type, but just a follower that got conned through ego stroking of your above-average math skills
How are you suffering but not begging? by underperforming the monetary inflation running at over 7% pa for the past 50 years, you could have simply invested in the S&P or the Nasdaq and kept up
No, you are not fine, the money printer will go brrr and your net worth value will get debased
If you do not want to invest in Bitcoin that's ok, at least switch to a hybrid allocation of some type where you go out further the risk curve to capture some of the returns
Notably I have not had all my money disappear in the latest crypto scam.
That's a strawman tactic to switch to crypto 100,000 other coins, when you know that Bitcoin bearer scarce digital asset where you solely hold, control and protect the private keys has never experienced any scam
Be better than the others that do the same thing
A Bitcoin is just something within that network. You have no claim on the network itself. You're not buying shares of Amex.
Those nodes could all switch over to processing etherium only and you would have no claim to cause them to process your Bitcoin transactions.
So close and yet so far. No the nodes cannot switch to Ethereum, the decentralized networks are 100% distinct from each other. Do not trust me, go ahead and study it and I welcome further discussion
But while we're here, let's explore the idea of how to value a network
Facebook Social network has 3 billion monthly active users, and yet, Meta does not charge any of them, why not charge $1/mo, that's $3B or $36B/yr instant profits?
Hold that thought
AT&T, Verizon, T-Mobile charge telecom cell phone network charges on average over $50/mo for each of their users, why do they do that and not follow Meta, give it away for free and make money through ad revenues?
Visa just came out and has a 50% profit margin on their payment network, wtf? All they do is process payments, Visa doesn't even lend consumers any money so no risk of capital
Banks have their swift network, their international settlement network, how much they charge for a $100k or $1M wire transfer from NY to Tokyo and how long will before it's complete final settlement?
Bitcoin global monetary network, someone can transfer $1k, $10k, $100k, $1M, $10M, $100M or even a billion $ from NY to Tokyo for a fee of less than $3 (currently) with final settlement, irreversible, on average in about an hour
Bitcoin global monetary network has approximately 150M users and settles more value than the visa network (over $21T/yr)
And with these metrics, the value of a single bitcoin,
a scarce asset that is required to utilize the global monetary network, is $70k (currently)
What happens when the global bitcoin users grow to 1B and the Bitcoin global monetary network settles $100T/yr?
All the while, ETF's are locking more and more supplies, companies like Microstrategy, Metaplanet, Square, are also buying up bitcoins and taking away supplies
Supply and demand dynamics
You say owning a bitcoin does not give us ownership of the Bitcoin global monetary network, but the only way to utilize the value of the said global monetary network is to own bitcoins the scarce digital asset
And the less supplies available, the higher the price, the more demand, Bitcoin is a Veblen asset
The higher the price, the more demand for it, for use as SoV, life savings, investment asset
But here I am sounding like a Bitcoin salesman but to be honest, I find less than 0 value for any of the ET nocoiners to convert to being Bitcoiners
now
I'd much prefer that the ET nocoiners stay as nocoiners, the time to convert was before the bitcoin spot etf's, to frontrun all the Wall Street big money
Any ET nocoiner that becomes a Bitcoiner now is not because of the ET supporters who have explained ad nauseum over the years why Bitcoin will go to very high price in the future as more adoption happens
Any ET nocoiner will be converted because it will be the boomer cool thing, pushed by all the professional advisors to put an allocation, all the marketing mahineries by Blackrock, Fidelity, et al
Please do not invest in Bitcoin. Go invest in something else, anything else, but never in Bitcoin
