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“Charle Munger blasts crypto after FTX meltdown: ‘Good for kidnappers’” Billionaire and noted bitcoin critic Charlie Munger took a victory lap Tuesday after FTX’s recent meltdown – blasting cryptocurrencies as a “demented” enterprise rife with “fraud” and delusion.” When asked about FTX’s collapse into bankruptcy, the 98-year-old Berkshire Hathaway vice chairman referred to digital currencies…
“Inflation is ‘swindling’ investors, cash hoarders” Billionaire Warren Buffett said rampant inflation is squeezing Americans everywhere — regardless of whether they’re taking steps to avoid it. “Inflation swindles the bond investor… it swindles the person who keeps their cash under their mattress, it swindles almost everybody,” the legendary investor said at Berkshire Hathaway’s annual meeting…
“Elon Musk mocks Warren Buffett over anti-crypto stance” Elon Musk mocked Warren Buffett after the legendary investor once again hit out at cryptocurrencies over the weekend, saying he wouldn’t agree to buy “all of the bitcoin in the world” for $25. Posting a video of Buffett speaking at Berkshire Hathaway’s annual shareholder meeting on Saturday,…
“#Charlie Munger says China was ‘correct’ to ban crypto” The current market is “even crazier than the dotcom era” and China made the right call when it banned cryptocurrencies, according to Warren Buffett’s right-hand man Charlie Munger. “The dotcom boom was crazier on the valuations even than we have now but overall, I consider this…
“#Dennis McFadden resigns over Charlie Munger’s USBC dorm” A consulting architect at University of California, Santa Barbara has resigned in protest over a mostly windowless mega-dorm financed and designed by billionaire Charlie Munger, slamming the project as a “social and psychological experiment with an unknown impact.” The university has said the dorm was designed by…
“#Charlie Munger calls Robinhood a ‘gambling parlor’” Charlie Munger, vice chairman of Berkshire Hathaway and Warren Buffett’s longtime business partner, slammed commission-free trading app Robinhood as being “beneath contempt” in a new interview. “It’s a gambling parlor masquerading as a respectable business,” the 97-year-old investor told CNBC late Tuesday. “And it’s telling people they aren’t paying commissions when the…
“#Charlie Munger calls out investor gambling mentality, bitcoin” Charlie Munger, the longtime business partner of Warren Buffett, on Wednesday suggested the stock market environment bears signs of a bubble, reflecting a “dangerous” mentality among some investors to gamble on stocks as they would horse races. Munger, 97, was speaking at the annual meeting of Daily…