The recent crypto carnage is brutal, but love him or hate him, Buffett’s got this one right: “Investing is a device to transfer wealth from the impatient, to the patient.” With crypto markets as they are, this is important.

The crypto space obviously isn’t in the best shape at the moment, and I think the sell-off post merge has caught people off guard in particular, as it certainly has been a focal point for some time.

In times like this, I think perspective is important, and I like Buffett’s words on the matter.

Warren ‘Big Belt’ Buffett, the world’s most successful investor. I’m guessing that’s what his friends call him, I would with that last name.

Anyway. His name creates a little binary divide, some hail the man as an investing genius and others here believe him to be out of touch. I think he’s a bit of both personally.

Regardless, the man’s made some cash. And one quote that I do love that he once uttered was this one, which I’ve paraphrased to encompass all markets:

Investing is a device to transfer wealth from the impatient, to the patient.

Insightful, simple stuff. But by golly, ain’t it the truth! Some odd studies have found that the best investors are dead; they don’t sell their shit! No panic or fomo for the deceased, and it’s something to consider.

In any case, I think the general mental health of the sub has taken a battering, mine has at least, and it’s so important to consider that this is just a moment in time and that we’ve been here before, worse, but that patience is the only way to truly win this game.

Sincerely, someone who missed out on a cone.