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Comment Re:Warren Buffet has ALWAYS laughed at this! (Score 1) 42

> What change in a business makes it's value go up 3% one day and down 6% the next. NOTHING CHANGED!

You're right that (probably) nothing changed in that particular company's operations, but things change all the time in the world. Most notably, the Fed, which is always full of surprises. When these bureaucrats decide to cut rates just a bit more than the consensus expectation, stocks go up. This is rational, as the Fed is essentially creating artificial inflation, which the market then anticipates.

I am fairly certain that Mr. Buffet appreciates this, too.

Comment long live cash (Score 1) 155

- Transactions are unhackable. No need to worry about who stole your credit card info every time a retailer suffers a security breach.
- Transactions not stored in any bank's database forever, to be sold to unknown third parties at any time in the future, for any purpose.
- No middleman taking a percentage of every transaction, cleverly hidden from the consumer, generating a 2% drain on the economy.
- Does not rely on any network or other technology - works even when the internet goes down.
- Always know exactly how much money you have and how much you are spending, and never be in debt.
- Fast as pulling a bill out of your wallet. Never wait for an overloaded network.
- And, obviously, cash is private and anonymous. Your transactions are nobody's business but yours and your counterparty's.

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