I don't invest in anything where I don't understand

by omahadomer, Friday, June 05, 2026, 21:42 (3 days ago) @ atxND

how it could make money or have value. Hence, I have entirely avoided crypto.

When I came to Omaha in 1999, people were all telling me to invest in Level 3. I was a physics major so I know something about the technology. I said "please explain to me how it's going to generate revenue."

It sounded to me like betting on Mr. Ed in the Kentucky Derby. I passed. People lost a lot of money.

I generally don't invest in individual stocks. I leave that to my broker. The only one I have a noticeable amount of is Apple and that's because I inherited it and my brother is a VP there.

I know AI can do lots of cool stuff. For the $17 per month I spend on Claude, it's worth it. But that's not much of a revenue stream.

A lot of this reminds me of "MOOCs" (massive online offerings of courses). All kinds of people were saying this was a tsunami in education. Yeah, you could get a lot of people to sign up for cool-sounding courses online for free. But how do you make money on it? I haven't hear the word uttered in 5 years.

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"It's our blood and bones and these whistles and phones against Miller's and Noem's dirty lies."