Oracle of Omaha: Poor Hygiene leads to Double-Digit Returns

Howard Lindzon recently spoke with his good friend Yoni Assia of eToro on the Panic with Friends podcast. As many finance conversations do, this one eventually turned to the legendary Oracle of Omaha.

Yoni tells the story: Picture an intimate gathering of four crypto evangelists sitting around the table trying to convince Warren Buffet that there’s value in bitcoin. The mission, needless to say, was unsuccessful.

Naturally, Howard went straight TMZ querying Yoni on rumors of poor hygiene. Yoni gleaned something much more important: The value of investing in the stock market and how strongly Buffett believes it’s simple to invest in stocks. If you’re willing to read, learn, and educate yourself, Buffett is 100 percent confident anyone can generate double-digit returns.

Yoni agrees. It’s part of the thesis eToro was build around. He’s seen investors, who on average, are generating upwards of 50 percent by copying other popular investors on the platform.

Yet criticism comes for all corners. Financial institutions and professional money managers wheeze on about how retail investors can’t make money. This hubris speaks to what Yoni sees right now as the rise of retail investors. He’s confident today, more than ever before, that retail investors on eToro who’ve generated double-digit returns over the last five years, have a high probability of double-digit returns over the next five years.

Again, fortunately for us, Yoni tends not to concentrate on bad breath or immense amounts of ear hair when he sits in front of people worth $10 billion and above — his tendency is towards focusing on what they have to say.

Disclaimer: All information provided is for educational purposes only and does not constitute investment, legal or tax advice, or an offer to buy or sell any security. Rise of Retail has a disclosure policy.

Originally published at https://riseofretail.substack.com.

--

--

--

Twitter: @peteweishaupt Website: www.peteweishaupt.com

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

I’ve Covered Crypto for Six Years and Still Love It

https://www.fiverr.com/share/67VRNP https://www.fiverr.com/share/G9d8Ka https://www.fiverr.com/share/mdDRVZ https://www.fiverr.com/share/PlyXjo https://www.fiverr.com/share/jdpG5v https://www.fiverr.com/share/EjEqoK https://www.fiverr.com/share/67VR9P

DIP-4 v2: $GROW IT FREE

DeFi Insight | Will 2022 Be the Year Most Institutions Adopt Cryptocurrency?

PINT 2022 Q1 update

Carb0n.fi Post-IDO Update

Bridge Mutual and SuperFarm NFT Rewards Revealed!

The Untapped Potential of Cryptocurrency Passive Income

To Help the Network and Continue to Work Independently

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Pete Weishaupt

Pete Weishaupt

Twitter: @peteweishaupt Website: www.peteweishaupt.com

More from Medium

The Perils of Leverage

Want to do long-term investment in stock market, then why left unaware of the term of Fundamental…

Trading at a Market Stall can make you rich!

What is coming for VC in 2022?