Munger worries about stock market frenzy

MarketWatch/Shawn Langlois

photo of $100 bills rolling off the printing press at the Bureau of Engraving and Printing“We’re in very uncharted waters. Nobody has gotten by with the kind of money printing now for a very extended period without some kind of trouble. We’re very near the edge of playing with fire.”  – Charlie Munger

USAGOLD note:  Munger, for those who don’t recognize the name, is Warren Buffet’s business partner at Berkshire Hathaway. This link takes to a nearly hour-long video interview. He says that much has happened in the investment business in the last several years, not all of it good. Basic philosophy and practical advice offered by a legend ……

Repost from 12-21-2020

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