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Mark W. Yusko

@MarkYusko

27 Nov

@SullyCNBC

@SullyCNBC thanks for having me on the show today

As always, enjoyed the conversation & appreciate you making time to have important discussion about #Bitcoin

Apologies for showing some effects of turkey coma & not making number of key points related to @brian_armstrong tweets

1/ Ability to store & transfer value on the Internet (Money Over Internet Protocol - #MOIP) is one of most important innovations of century

Will unlock creation of incredible wealth by eliminating need for trusted 3rd parties & rent-seeking middle men in financial transactions

@brian_armstrong

Traditional Financial Institutions are justifiably afraid of impact on their business models from this evolution of technology

Normal response to threat is to erect barriers to adoption of innovation

@brian_armstrong tweets discuss @stevenmnuchin1 plan to create such barriers

Read 11 tweets

Mark W. Yusko

@MarkYusko

21 Mar

@patricksouth

@patricksouth @Twitter @APompliano If two people always have the same opinion, one is unnecessary...

That said, I do agree w/ much of what Pomp said in his note about the extreme reaction in many sectors creating some values

Where we differ is on duration of the economic drawdown, the speed of the recovery... 1/

@patricksouth

@patricksouth @Twitter @APompliano Shape of recovery & format of govt/private assistance.

Highly likely that overly harsh response to #COVID19 threat causes extreme economic pain far beyond expectations and pushes already perilous global economic situation over edge into deep Recession (likely even Depression) 2/

@patricksouth

@patricksouth @Twitter @APompliano There won’t be a V-shaped recovery and even a U is long shot as will be very challenging to restart global economic flywheel in a world bathed in Nationalism, Populism and Trade Wars rescuing benefits of Globalization.

Many of hardest hit sectors (Pomp calls Corona Infected) 3/

Read 9 tweets

Mark W. Yusko

@MarkYusko

3 May 19

1/ There are really no words for incredible stupidity coming out of #PTBarnumOfOurTime’s mouth these days (other than desperate people say/do desperate things)...

#ItsACar! Cars are mechanical systems and when they are used more they wear out faster and depreciate faster.

2/ the idea that a rapidly depreciating vehicle would appreciate is beyond ridiculous. The only cars that appreciate are those that happen to NOT get driven, worn out, wrecked etc. and become scarce... we have all heard the story of the 57 Chevy under tarp in barn after Vietnam

3/ and the ridiculous concept that only #Tesla will have robotaxis is even worse as shows no concept of basic economics... although #ElonAlmighty has already shown that in his inability to understand basic supply/demand and basic accounting...

Read 6 tweets

Mark W. Yusko

@MarkYusko

20 Nov 18

1/ Amazing to watch people spend time searching for a historical example of when someone was wrong to make a point that they are wrong about a current event

Makes no sense, as events are independent and past decision & outcome have no bearing on current decision & future outcome

2/Great Investors are wrong more than bad investors

Primarily b/c they make more decisions & take more positions. Bad investors are afraid to act because they’re afraid of being wrong

Great investors don’t care about being wrong because they know that best only right high 50%s

3/Great Investors don’t care about being wrong, only poor investors obsess about being wrong

Great investors understand it doesn’t matter if you’re right or wrong, what matters is how much $ make when right & how much $ lose when wrong

Read 5 tweets

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