Munger Blasts Cryptocurrencies as Dementia, Urges Optimism Despite Inflation
-
Munger scorned cryptocurrencies, calling them "dementia" and comparing them to a "venereal disease". He vowed to never invest in them.
-
He attributed his investing success to having passion matched with aptitude, being a constant learner, and avoiding "evil or seriously irrational people".
-
On inflation "If I can be optimistic when I’m nearly dead, surely the rest of you can handle a little inflation."
-
He slammed bad mergers "When you mix raisins and turds, you’ve still got turds."
-
Munger deeply lamented the demise of newspapers, calling them an "independent bastion of power" and a "branch of the government". He said their disappearance leaves only "crazy" people to inform the public.