As a value investor, I find Charlie Munger's recent WSJ-published arguments to ban bitcoin/crypto and thank the leader of the Chinese Communist Party to be embarrassing and sad.
I'm currently writing...
Buffet and Munger both made their fortunes investing in fiat businesses. Insurance. Banks. Monopolies. That kind of thing.
They postulate anything else is a sucker's bet since there is risk in a business that requires actual productivity and competition.
Much safer to invest in the parasites that will be bailed out by the taxpayers if they over extend.
Disgusting.
They postulate anything else is a sucker's bet since there is risk in a business that requires actual productivity and competition.
Much safer to invest in the parasites that will be bailed out by the taxpayers if they over extend.
Disgusting.