founder and CEO, Nigel Green told that he is baffled by the opinion of his investment hero. Speaking to Andy Serwer editor at Yahoo Finance, asked Mr Munger was.
His partner, Warren Buffett, also commented negatively on bitcoin on Monday. Warren Buffett hates crypto. Charlie Munger likes it less. The topics of value, price, formulas and bitcoin came up at the Ber kshire Hathaway annual meeting - Buffett and Munger have intriguing. Charlie Munger, the billionaire business partner of superstar inves tor Warren Buffett likened the morality of trading bitcoin to trading freshly.
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To me bitcoin is almost as bad. Last week Goldman Sachs announced its plan for future-like cryptocurrency trading and market analysts have been speculating recently that the recent swell in confidence could see prices rise rapidly again in the not so distant future. I mean, I appreciate that theyre respected and rich, he told me, but on this subject they dont know what theyre talking about, Im sad to say. His partner, Warren Buffett, also commented negatively on bitcoin on Monday, saying it is an asset that does not create anything. The most staggering of the attacks came from Charles Charlie Munger the American investor, businessman and vice chairman of Mr Buffetts investment conglomerate Berkshire Hathaway. The attack on Bitcoin comes as the premier cryptocurrency edges back north towards the 10,000 figure following news the big City of London and Wall Street institutional investors are preparing to offer crypto trading. I believe that what he means to indicate is that identifying value stocks is more art than science and when you go exclusively to the deep math, you are missing the art. Squawk Box." "Now that is not something I think the world needs." "The fact that it's clever computer science doesn't mean it should be widely used, and that respectable people should encourage other people to speculate on it he said. I found myself both nodding my head and shaking my head at Mungers remarks depending on how much I agreed or disagreed as if me disagreeing with the best in the investment world is somehow worth mentioning or spending any amount of time that might. To me, its just dementia. You know, what they teach you in the MBA programs. Neither he nor Warren Buffett have been returning my phone calls to Berkshire Hathaway, so thats all it is: a guess.
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