Munger shares wisdom on investing, life, and warns against bitcoin in wide-ranging talk
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Munger offered wisdom on investing, saying to find a few great investments rather than diversify widely. He advocated patience and learning constantly.
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On life advice, Munger emphasized dealing well with misfortunes, avoiding envy and resentment, staying cheerful despite troubles, and doing what you're supposed to do.
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He criticized cryptocurrencies as "gambling contracts" that are "not currency, not commodity, not security." He said, "I hate the bitcoin success."
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Munger warned that artificial intelligence is overhyped, saying "old-fashioned intelligence works pretty well." He also criticized social media for spreading "crazies."
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He offered many pithy quotes on mental models, decision making, capitalism, the economy, and more. Buffett shared his favorite Munger quotes.