61–70 of 191 posts
"There is nothing to support bitcoin except the hope that you will sell it to someone for more than you paid for it.” Genuinely asking, isn't this the plan for many people? How is bitcoin different than other commodities or property in this regard? Would Bogle say the same thing about those investments?
https://www.investopedia.com/ask/answers/09/difference-betwe...
“Bitcoin has no underlying rate of return,” said Bogle, 88, who started the first index fund in 1976. “You know bonds have an interest coupon, stocks have earnings and dividends, gold has nothing. There is nothing to support bitcoin except the hope that you will sell it to someone for more than you paid for it.” Didnt quite understand this quote - is he down on gold too?
Sounds to me like he is just rambling a bit there at the end. Gold actually does have some intrinsic value—it's useful. It's stable, nonreactive, resistant to corrosion and conducts electricity. It's been used as a value store since antiquity above others particularly because it is stable and noncorrosive. The conducive properties are just an added benefit we now have a use for. A gold coin from a hundred years ago i…
“Bitcoin has no underlying rate of return,” said Bogle, 88, who started the first index fund in 1976. “You know bonds have an interest coupon, stocks have earnings and dividends, gold has nothing. There is nothing to support bitcoin except the hope that you will sell it to someone for more than you paid for it.” Didnt quite understand this quote - is he down on gold too?
At least gold is used in jewellery and electronics. What is bitcoin used for, except ransomware?
Over the past 7 years, Bitcoin has outperformed every security and portfolio that Jack Bogle has recommended.
This is pretty disrespectful to Jack Bogle. Vanguard is almost singlehandedly responsible for returning trillions of dollars of costs, in the form of fees and underperformance by active managers, back to investors. Millions of investors have benefited.
there are plenty of esoteric and dubious assets in the vanguard obligatory diversification model. Get bitcoin in the 1% allocation right next to CDO-ABACUS-2007-SENIOR
Another day, another alarmist article. Nothing Jack Bogle says is not true. Yet, he is 88yr old guy, with all due respect, he has no idea what Bitcoin is. I have yet to hear something from Wall Street that is novel and relevant to Bitcoin. It is a new thing they are afraid of, often not understanding it fully. When I say Bitcoin, I mean all crypto-currencies. If you don't know what you are getting into, I would advis…
Are you insane? He built Vanguard, the most successful investment product in history. They have 3 trillion dollars of assets managed and literally invented the retail index fund. You think he doesn't follow every aspect of the financial markets?
“Bitcoin has no underlying rate of return,” said Bogle, 88, who started the first index fund in 1976. “You know bonds have an interest coupon, stocks have earnings and dividends, gold has nothing. There is nothing to support bitcoin except the hope that you will sell it to someone for more than you paid for it.” Didnt quite understand this quote - is he down on gold too?
Gold has practical uses in industrial applications and electronics. It also has a floor, which is the cost to mine and ship. Gold has a minimum theoretical value although I'm unsure off the top of my head how low that might be. Bitcoin's only value is what people will pay for it and has nothing backing it up. It's not really comparable.
“Bitcoin has no underlying rate of return,” said Bogle, 88, who started the first index fund in 1976. “You know bonds have an interest coupon, stocks have earnings and dividends, gold has nothing. There is nothing to support bitcoin except the hope that you will sell it to someone for more than you paid for it.” Didnt quite understand this quote - is he down on gold too?
Sounds to me like he is just rambling a bit there at the end. Gold actually does have some intrinsic value—it's useful. It's stable, nonreactive, resistant to corrosion and conducts electricity. It's been used as a value store since antiquity above others particularly because it is stable and noncorrosive. The conducive properties are just an added benefit we now have a use for. A gold coin from a hundred years ago i…
Ripple is run using a different consensus algorithm, and is effectively managed by a central authority.
The point of Bitcoin has very little to do with speeding up transactions, all though this isn't a negative.
The point is sending transactions that are very difficult to censor. And yes, it does a very good job of this as there are a whole lot of transactions that governments would love to censor, but they AREN'T being censored, right now.
“Bitcoin has no underlying rate of return,” said Bogle, 88, who started the first index fund in 1976. “You know bonds have an interest coupon, stocks have earnings and dividends, gold has nothing. There is nothing to support bitcoin except the hope that you will sell it to someone for more than you paid for it.” Didnt quite understand this quote - is he down on gold too?
Sounds to me like he is just rambling a bit there at the end. Gold actually does have some intrinsic value—it's useful. It's stable, nonreactive, resistant to corrosion and conducts electricity. It's been used as a value store since antiquity above others particularly because it is stable and noncorrosive. The conducive properties are just an added benefit we now have a use for. A gold coin from a hundred years ago i…