Often, when a company is valued below book value, there are valid reasons for that. In this case, it is the fact that department stores all over the world are getting killed.
This is why I say if you dont understand technology, you are really lost in the world. This is especially true for investing.
Your friend is a prime example. That is akin to investing in Blockbuster when streaming was taking off. Blockbuster thought the answer was Kiosks. Obviously it was not.
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This is absolutely true. In fact, almost every successful company started out as what we'd call a technology company today.
I tried suggesting him that he invest 1% of his net worth in BTC. BTC was worth maybe $5000 a piece back then. Obviously, he'd have 10x'd his money since then. Maybe more because from what I can tell, he knows something about trading.
My friend does understand technology but he's a "value investor" and a great admirer of Warren Buffett. He's loathe to invest in anything "speculative".
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I would say shopping malls that are below book value is highly speculative.
Well, we all have our paths to forge. If you keep at it and keep making more money, your friend will eventually take notice when your wealth exceeds his.
We are dealing with outsized returns that are combined with our effort. This is an amazing time to be involved with crypto.
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Definitely!
Yep.
Absolutely true.
This is why I cannot grasp why someone interested in blogging who is explained what Hive is would not want to follow a friend of theirs to Hive when that friend offers to hold their hand and support them.
People can be incredibly resistant to change. This is why I think it's a privilege to live in this day and age and have the type of mindset it takes to embrace new things.
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