BTW, Warren Buffet is ridiculously overweight in just a few stocks at 93 (I believe just three stocks, with one being AAPL, are more than 50% of his entire equity portfolio). Is he chasing the performance or just being competitive?
I am not really disagreeing with you on the concentration point, especially once bitcoin was discovered/invented.. I can see how any newbie could start out with just BTC and cash and then ONLY diversify after a few years of building his holdings.. diversification is not needed in the beginning of investing, but it does become more necessary once a person has built up his investment portfolio, perhaps when it starts to get anywhere between 25% to 2x of annual income, then maybe diversification starts to become necessary...
And in regards to Buffet's diversification, isn't Berkshire already diversified within itself? or are you referring to something else?
They (Berkshire) are NOT diversified, really...see the link (more than 50% of equity in one stock-AAPL).
https://hedgefollow.com/funds/Berkshire+HathawayThat's the 'crazy' thing about it. 50% of ALL equity portfolio in ONE stock (AAPL).
WB is being jelly of Michael Saylor?
BTW, see my edit3-currently 68.7% in btc (vs yours 75%)-we are truly moving in parallel, or so it seems: almost the same year to start, roughly the same current btc %.
There maybe more stories like ours (maybe simply bacause we started at approximately the same time). Loved the incremeltalism vs chunkenism, lol...currently I am in "doing nothing" state, though.
I glanced at your edits, and yeah it can be kind of strange how one investment, even if you might have mostly NOT added to it in the past 8 years or so (which I am not saying that you didn't) but the mere fact of NOT selling any, like I did some shavings because otherwise my ratio would have had been even higher.. and I am not really sure if I care very much if it ends up causing me to have 20-30% of a smaller stash, since like I suggested it is already enough.. so it is just a matter of managing that enoughness.. .. 0.63 BTC or whatever we might be talking about..
Of course, with the entry-level fuck you status, guys can set it where ever they like, but I am suggesting that even if any of us might have had a higher income.. at one million that would be $3,333 per month and at $2 million that would be $6,666 per month, there is a lot of power in terms of having an income coming in that you do not have to work for... so in the west we might have these ideas of millionaire and then now needing to be multi-millionaire just to get to entry-level fuck you status, while at the same time, we can also start to feel some comforts if we are getting some cushion above the entry level fuck you status, whether it is in terms of percentages above it but it could be multiples above it as you suggest, but I think that it is better to figure out our own entry-level fuck you status, and then maybe figure out how far we are above it from there.. and also even though I do get somewhat exited about BTC spot price getting higher, but it seems to excite me more in terms of higher BTC spot prices tends to cause the 200-week moving average up at a faster pace, which sure is where I consider the measurement of the valuation of the holdings in any kind of likely solid way to lessen or to attempt to temper the inevitable and ongoing volatility (which these days seems mostly to the upside, even though we know that such volatility cuts both ways).
Another point is that some of the guys in the poorer regions of the world are getting so excited about being able to put away $10 per month or $10 per week, and even though I understand that any amount continuously invested into bitcoin can truly make a difference if we are talking 10, 20 or 30 year investment timeline, but it seems that a lot of these guys may well start to feel that they are set for life with any kind of passive income of more than $1k per month, so in that regard, there could be a decent number of guys proclaiming entry-level fuck you statuses in the ballpark of $200k to $500k in their investment portfolio.. and I am pretty sure that even mindrust had mentioned those kinds of numbers at some point (and maybe he moved away from it) but it is so strange that even his having had gotten to 10 BTC would now be getting close to those levels of entry level fuck you status, even if we are using the 200-week moving average as our valuation (which is currently, just shy of $30k - which makes 10BTC in the $300k arena of valuation)... so how much above the cushion does anyone need, and surely there are plenty of guys that get worried about how they are going to cover medical insurance (expenses) if they no longer have an employer.. which could end up adding quite a bit to how much guys believe that they need to sustain themselves for longer periods, if 60 years of age might be standard, but if guys are thinking about retiring in their 30s 40s or 50s, then they have to support those extra years with solid and sustainable kinds of withdrawal styles. .and I know of a thread to help with those kinds of ponderings regarding how much might be feasible in terms of sustainable withdrawal thoughts..
Of course, some kind of preservation of capital does likely become more important when we get to cashing out stages of our life, and maybe either of us might feel a bit of being trapped (or so far mostly comfortable to just keep bitcoin in our holdings.. even if we might be continuing to plan to shave off within our own styles), and I have some difficulties appreciating why some of the filthy rich want or need more, and maybe it can be a kind of fun for them. but for a lot of normies, once we establish our entry-level fuck you status, then sure maybe 2x or 3x above it might provide some extra sense of cushion, but if we are at higher levels above that, then we likely should be trying to figure out how to spend more money (just meaning to move up what we consider to be our entry-level fuck you status, even though maybe we can just bounce around in various areas that are quite higher than our entry-level.. which if we engage in sustainable withdrawal tactics, then it seems that if we are HOLDing bitcoin, then we likely could still be increasing our wealth over time, even if we are spending our wealth and even increasing our spending within whatever sustainable withdrawal strategies that we choose to employ... and that likely seems to be where the cushion comes in handy..and maybe just making sure that we do not get too cocky by not realizing how to make sure that we are withdrawing in reasonable ways.. which also would apply differently to each category of asset, to the extent that we no longer have much if any cashflow from work.
Poll
