Berkshire’s Charlie Munger calls bitcoin ‘totally asinine’

There are just so many things I could say about this, but I'd only be repeating what's in the article.

Highlights such as, bitcoin is a "noxious poison", it's "totally asinine", and "disgusting", and the government needs to "step on it hard."

Of course his boss, Warren Buffett, made similar comments about bitcoin, and then admitted he knew nothing about it.

I will say though, to Mr. Munger's credit, at least in my opinion, I totally agree with his description of the American heathcare system. And I find it fitting his use of the word "groupies" to describe those who came to listen to him speak. As well as the author's observation that, "some just wanted to hear Mr Munger endorse their own views", something that Mr Munger seemed to understand perfectly.

But yet at the same time, it's important to understand, that just because a person has made some excellent decisions in life, and has done very well for himself, doesn't mean that that person is infallible or knows everything, and not capable of making mistakes, no matter his hoary head.

" Most investors will have a much harder time than he and Mr Buffett did in making money from stocks, he said,

“but I’m about to die and you aren’t. You don’t want to trade your position for mine.”