Munger Dismisses AI and Crypto as Stupid Investments, Favors Long-Term Value Companies Like Wells Fargo and Alibaba

Charlie Munger trashed artificial intelligence and cryptocurrencies as overhyped investments at a recent conference.

Munger believes AI is getting more hype than it deserves and called cryptocurrencies "the stupidest investment I ever saw."

Munger prefers long-term value investments like Wells Fargo, Bank of America, Alibaba, and U.S. Bancorp.

He takes a buy-and-hold approach, profiting from quality assets over time through compound interest.

Munger has criticized crypto as "massively stupid," "very dangerous," and something "governments were totally wrong to permit."