[Translation] Will you use what you invest in? ~ Investment in cryptocurrencies / Warren Buffett style 3

A somewhat interesting piece about how to apply Warren Buffett's style to cryptocurrency investing, and what kind of thinking and actions it entails, so I translated it into English. This is the third installment.

Do you use what you invest in? - Investing in Cryptocurrencies / Warren Buffett Style 3

Before investing in cryptocurrencies, I always ask myself four specific questions. I built these questions based on Warren Buffett's investment philosophy and the guidance from Tim Ferriss's book “Tools of Titans.” If I cannot clearly answer “YES” to all four, I do not invest.

Today I’d like to dive into the second of those four questions.

“Will you use the technology or company yourself?”

I have been asked by a few people which specific tokens they should invest in. Most of the time I didn’t give them a concrete answer. This is because I want to provide solid guidance on how to invest, rather than simply saying “invest in coin XX.”

Investment preferences are influenced by many factors and vary from person to person. I don’t want anyone to take my advice about specific tokens at face value. I want them to conduct their own research and invest as their own. This is a very important mindset in Buffett-style investing.

When you personally try to use the technology or product, you will confirm several important aspects about your future investment.