Tag Archives: Munger

Bitcoin Is ‘Poison,’ Says Berkshire Billionaire Charlie Munger

At a time when investors were looking to conglomerate Berkshire Hathaway for details about stock holdings, the company’s leadership was focused on another area: cryptocurrencies. Berkshire Hathaway’s Charlie Munger spoke out about bitcoin, which he sees as a “noxious poison.”  Munger spoke about the latest investment craze at a shareholder meeting for Daily Journal, a […]

Munger calls bitcoin ‘totally asinine’

Tim Bradshaw in Los Angeles February 14, 2018 There cannot be many nonagenarians who spend their time worrying about cryptocurrencies. But Charlie Munger, the 94-year-old billionaire investor, is convinced that bitcoin is “noxious poison”. “I regard the bitcoin craze as totally asinine,” he told a packed hotel ballroom in downtown Los Angeles, where hundreds of […]

Berkshire’s Charlie Munger calls bitcoin ‘noxious poison’

Charlie Munger has no patience for bitcoin. During a two-hour question-and-answer session Wednesday at the Daily Journal shareholder meeting, the vice chairman of Berkshire Hathaway and longtime sidekick to Warren Buffett said he considers the current bitcoin craze to be “totally asinine.” “Bitcoin is noxious poison,” Munger said in response to a question. Munger, 93, […]

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