JAKARTA - Seasoned investor Lo Kheng Hong gave his response regarding a party selling wonderful company shares and then buying crypto. According to him, this can be said as a tragedy.
The man who is referred to as Warren Buffet Indonesia said this on the podcast of Avian's paint boss, conglomerate Hermanto Tanoko.
"If Mr. Lo's views on forex or what has recently been very crowded like crypto, there have been a lot of flocking, finally his shares were released because they had suffered losses, some crypto bought finally. According to Mr. Lo, how is that? ” asked Hermanto Tanoko to Lo Kheng Hong quoted, Friday, July 8.
"If his shares are good, wonderful company, he buys crypto, of course it's also a tragedy for him too. His shares will go up in crypto later," replied Lo Kheng Hong.
The man who is familiarly called Mr. Lo said that during his lifetime he had never traded forex. However, he saw that none of his friends made a profit while playing forex.
"Even the poor are a lot, the lucky ones have never met me," said Mr. Lo.
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"I also don't invest in cryptocurrencies because if I buy shares, for example, I buy CLEO shares, he has a mineral water factory. If I buy crypto, what is underlying assets, sir?" added Lo Kheng Hong.
According to the man who has invested in stocks since 1989, investing in crypto is a high risk high gain. In contrast to the principle he adheres to, namely low risk high gain.
"Why am I in a high risk gain crypto, I'd better buy a low risk high gain stake. And it has also been stated in my head that what I believe is the best choice, not cryptocurrency," he explained.
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