Billionaire investor Charlie Munger blasts speculative market culture

MarketsInsider/Theron Mohamed/2-16-2022

“Charlie Munger warned of dangerous speculation in markets, blasted cryptocurrencies, and rang the inflation alarm during Daily Journal’s annual shareholder meeting on Wednesday. … The 98-year-old investor, polymath, and amateur architect is notoriously blunt; his most memorable comments include dismissing bitcoin as ‘rat poison’ and calling Robinhood a ‘gambling parlor’ that’s ‘beneath contempt.'”

USAGOLD note: Munger rolls out the cannon.