Posted 11/29/2023, 10:28:00 AM
Charlie Munger's Greatest Hits: Witty Critic Known for Blunt Barbs on Derivatives, Banking Crisis, Bitcoin and AI
- Charlie Munger was known for his witty one-liners and biting criticism, even into his 90s
- He harshly criticized derivatives, calling trading desks "a casino in drag"
- He compared the 2008 crisis to "megalomania, insanity and evil in investment banking"
- Munger called bitcoin "rat poison" and said crypto was like a "venereal disease"
- He said artificial intelligence was overhyped, stating "old-fashioned intelligence works pretty well"