Berkshire's Charlie Munger: 'Bitcoin is worthless, artificial gold'
"The fact that it's clever computer science doesn't mean it should be widely used," Berkshire's Charlie Munger says of bitcoin.
"The fact that it's clever computer science doesn't mean it should be widely used," Berkshire's Charlie Munger says of bitcoin.
They both laughed at their own jokes, says the ‘Oracle of Omaha.’
Billionaire investor Warren Buffett tells CNBC the recent craze over bitcoin and other cryptocurrencies won't end well.
Warren Buffett's top lieutenant, Charlie Munger, "I think it is perfectly asinine to even pause to think about" bitcoin.
"The desire to get rich fast is pretty dangerous," says Berkshire Hathaway Vice Chairman Charlie Munger.
"It is remarkable how much long-term advantage people like us have gotten by trying to be not stupid instead of trying to be very intelligent."
Berkshire Hathaway executives Charlie Munger and Warren Buffett are business partners and friends who share a lot in common. One crucial similarity is their dedication to sharing the advice they have garnered over the years.
Since their fateful meeting in 1959, Warren Buffett and Charlie Munger built Berkshire Hathaway into one of the world's most successful companies.
Berkshire Hathaway held its annual shareholders meeting on Saturday, and attendees listened closely to Chairman and CEO Warren Buffett and Vice-Chairman Charlie Munger at what observers call "Woodstock for Capitalism."
Warren Buffett, his longtime business partner Charlie Munger, and Bill Gates are no fans of high-frequency trading.
"The fact that it's clever computer science doesn't mean it should be widely used," Berkshire's Charlie Munger says of bitcoin.
They both laughed at their own jokes, says the ‘Oracle of Omaha.’
Billionaire investor Warren Buffett tells CNBC the recent craze over bitcoin and other cryptocurrencies won't end well.