Note: A book summary went out this morning on The Dhandho Investor by Mohnish Pabrai. The sender is “The Bookrat,” so if you did not receive it yet please check your spam folder. Move the email to your inbox or respond to the email to make sure it doesn’t go to spam in the future. Thank you and enjoy.
"The banking crisis is still underway. It doesn’t mean that catastrophic failure is inevitable. In fact, I would argue that the banking sector will survive this test and thrive on the other side."
Seriously Pomp, what's your argument? Thrive on the other side, how? How can you possibly believe in Bitcoin replacing the existing financial system AND traditional banks thriving simultaneously?
Very interesting. This is definitely a topic the average American thinks nothing about. Question: If financial institutions are let to fail under free market conditions, how would that play out? Who does it affect the most? The vast majority of Americans don’t have more than FDIC insured limits in their bank. Would a bailout essentially be letting the richest people with uninsured balances lose their capital? Or does this affect the everyday American also?
I'm argentinian and i could say the main problem in our economy is the goverment with their awful politics. Anyways, the central bank totally destroy our economy.
We have to put our savings in US Dollar because the doge coin is more stable than the peso. This is our sad reality but now there are problems in the US so i dont know what do. I thin i will invest in bricks
"The banking crisis is still underway. It doesn’t mean that catastrophic failure is inevitable. In fact, I would argue that the banking sector will survive this test and thrive on the other side."
Seriously Pomp, what's your argument? Thrive on the other side, how? How can you possibly believe in Bitcoin replacing the existing financial system AND traditional banks thriving simultaneously?
Very interesting. This is definitely a topic the average American thinks nothing about. Question: If financial institutions are let to fail under free market conditions, how would that play out? Who does it affect the most? The vast majority of Americans don’t have more than FDIC insured limits in their bank. Would a bailout essentially be letting the richest people with uninsured balances lose their capital? Or does this affect the everyday American also?
I'm argentinian and i could say the main problem in our economy is the goverment with their awful politics. Anyways, the central bank totally destroy our economy.
We have to put our savings in US Dollar because the doge coin is more stable than the peso. This is our sad reality but now there are problems in the US so i dont know what do. I thin i will invest in bricks
Thanks Pomp! Then we have the best solution already $BTC
Thanks Pomp!