CharlieMunger

🚨 𝗕𝗶𝘁𝗰𝗼𝗶𝗻 𝗜𝘀 𝗥𝗮𝘁 𝗣𝗼𝗶𝘀𝗼𝗻””Warren Buffett:
Billionaire investor Warren Buffett has criticized Bitcoin, stating that those who invest in it do so with the expectation of selling it at a higher price to someone else.
Speaking ahead of Berkshire Hathaway’s annual meeting on Saturday, Buffett labeled Bitcoin as “rat poison,” drawing parallels between its demand and the 17th-century tulip mania in the Netherlands. He suggested that the currency’s rising value is driven by mysticism rather than intrinsic worth, according to The Telegraph.
Berkshire Hathaway’s Vice Chairman and Buffett’s longtime business partner, Charlie Munger, was even more direct, dismissing Bitcoin as completely worthless.#bitcoin #WarrenBuffett #cryptocurrency #CharlieMunger #Berkshire

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Buffett associate Charlie Munger has died

November 29, 2023

The companion of US investing legend Warren Buffett is dead: Charlie Munger passed away shortly before his 100th birthday. He had built and led the investment company Berkshire Hathaway with Buffett. The long-time companion of US investor Warren Buffett, Charlie Munger, is dead. He died, according to a statement from Buffett, on Tuesday morning in a hospital in the US state of California. The closest confidant and companion of the investing legend would have turned 100 years old on January 1. Without Munger's "inspiration and wisdom," the joint investment holding Berkshire Hathaway would never have become so large, emphasized Buffett, who himself is now 93 years old, in the statement. Munger was active at Berkshire Hathaway for decades alongside Buffett. He was Vice Chairman and one of the largest shareholders. This also made him a billionaire.

Insurance, Railroads, High-Tech

The investment company Berkshire Hathaway is involved in many corporations worldwide, including the insurer Geico, the railroad company BNSF, and the battery manufacturer Duracell as part of its corporate portfolio. Berkshire also holds large stakes in Apple, the credit card company American Express, Coca-Cola, and the oil giant Chevron. Berkshire Hathaway's stock on the US stock market is one of the most profitable in stock market history. In 1962, Buffett and Munger bought shares of the former textile company in New England for seven to eight dollars before they completely took it over and transformed it into their investment vehicle. Today, a single Berkshire Hathaway A share on the New York Stock Exchange (NYSE) is worth about 546,000 dollars. An investment of 1,000 dollars in Berkshire Hathaway in the mid-60s is now worth more than ten million dollars.

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