“I wish it had been banned immediately, and I admire the Chinese for banning it.”Munger said Wednesday at the Daily Journal Corp.’s annual meeting, which was held virtually. “I certainly haven’t invested in crypto. I’m proud I avoided it. It’s like a venereal disease or something. I just find it despicable.”
“I would argue that venture capital is throwing too much money too fast, and there is a considerable paltry glut in venture capital and other forms of private equity,” the 98-year-old legendary investor emphasized.
But these statements did not go unnoticed and no one else and no one less than Elon Musk. Elon Musk, the CEO of Tesla and SpaceX, reacted to billionaire Charlie Munger’s comments.
In response to a tweet about Munger’s remarks, Musk shared an old memory with Warren Buffett’s partner. “I was at lunch with Munger in 2009 where he told the whole table all the ways Tesla would fail.“The tycoon wrote. “It made me quite sad, but I told him that I agreed with all those reasons and that we would probably die, but that it was worth trying anyway, “he added.
Source: Ambito
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