Charlie Munger calls bitcoin 'disgusting and contrary to the interests of civilizatio

[NewsFeeder]

Charlie Munger calls bitcoin 'disgusting and contrary to the interests of civilization'

"Of course I hate the bitcoin success," the 97-year-old Munger said during a Q&A session at Berkshire's annual shareholder meeting Saturday.

More @ CNBC...

 

[Bullitt]

His latest.

Berkshire Hathaway Inc.’s Charlie Munger told a conference Friday that markets are wildly overvalued in places and that the current environment is “even crazier” than the dotcom boom of the late 1990s that subsequently led to a bust.

https://www.bloomberg.com/news/arti...er-says-now-is-even-crazier-than-dotcom-bust?

 

[bmneveu]

Gotta recognize we are in different times. Better technology = easier access to information and investing = more investors. That changes the landscape. It's not the same as it used to be, so it's not fair to compare valuations to previous era's of the market. I don't necessarily disagree as we have companies like Rivian currently valued at $89B with essentially no sales and companies in the $xxxB realm not turning profit, but there aren't that many of them. Most of the market is still fine in my opinion.