"Charlie Munger doesn't get it."
-Nicholas, 22, owner of .19 shares of Tesla
Michael Batnick
47.4K posts
Michael Batnick
@michaelbatnick
Long-distance reader
Joined November 2009
- COINBASE CEO SOLD $291 MILLION OF HIS SHARES ON OPENING DAY. Coinbase CEO sold 1.5% of his shares on opening day.
- Berkshire has $145,600,000,000 in cash. $0 in Bitcoin.
- The market cap of the top 5 S&P 500 companies: $4,095,058,706,432 The market cap of the bottom 282 S&P 500 companies: $4,092,769,755,136
- The average CEO listens to 60 podcasts a day.
- $1 invested in Bitcoin in July 2010 is worth $800,000 today.
- A Bill Walton quote I heard him say on TV that always stuck with me: “He’s 24 years old, living on the beach and playing for the Lakers. If he’s not having the time of his life, I have failed as a father.” RIP, legend
- Cars gain 10% in value as soon as you drive off the lot.
- It doesn't make sense that Coinbase is worth more than ICE (NYSE) and CBOE combined. That would be like if Tesla was worth more than the combined market caps of GM, Ford, Daimler, BMW, Ferrari, and Volkswagen.
- MicroStrategy holds ~$5.9 billion in Bitcoin. Its market cap is $5.3 billion.
- Thinking you’re late to crypto is like thinking you’re late to the internet in December 1999.
- Where to invest: $1- Scratch-off ticket $10- Cocktail $100- Good meal $1,000- Weed Stocks $10,000- Bitcoin $100,000- Banana on wall $1,000,000- 60/40 $10,000,000- Hedge funds $100,000,000- NYC Penthouse $1,000,000,000- Sports team $10,000,000,000- Election $100,000,000,000- Mars
- An asteroid could strike earth tomorrow, wiping out mankind, and the stock market would be up 2%.
