Chairman and CEO Warren Buffett and Vice Chairman Charlie Munger preside over the Berkshire Hathaway annual meeting, nicknamed the “Woodstock for Capitalists.” The Omaha, Nebraska, event gives shareholders a chance to hear the legendary pair discuss investing, their economic outlook, and life. Berkshire’s Charlie Munger calls stock market manipulation an ‘incredible, crazy situation’. Wall Street makes money if people do things. The market makes money when people trade 20 times a day. Bitcoin is stupid ’cause it’s very likely to go to zero,’ says Charlie Munger.
People are being tribal today and this is what is driving the market. You hated Roosevelt or you loved him. He is and Charlie doesn’t like Bitcoin. They don’t see the value in it. They like what they see and touch and that is it. It does not take into account the Metaverse that is the future or is it. A Painting will be around a long time it will have worth. It is only money the United States’ government will not change. Bitcoin does not have any value to them. They like a tangible asset that is it.
Berkshire is painting and he gets to paint on that and he loves it. He loves what he does. He gets real joy from it he loves his company. Inflation swindles almost everybody, says Warren Buffett.’I don’t want to say anything that’ll get attributed to Berkshire,’ says Warren Buffett. Charlie Munger says Robinhood is ‘unraveling’ for its ‘disgusting’ behavior. Your talent is the most important thing you have. They don’t make decisions on the market by climate they buy companies they like. They get a hero welcome when they come they like doing it in person. They are getting older and they love it.
