2021-07-03 07:35:22 GMT2021-07-03 15:35:22(Beijing Time) Xinhua English
SINGAPORE, July 3 (Xinhua) Berkshire Hathaway Vice Chairman Charlie Munger said in an interview on CNBC that China s shutting down the country during the COVID-19 pandemic turned out to be exactly the right thing to do, Singapore s Lianhe Zaobao reported last Wednesday. They didn t allow any contact. You picked up your groceries in a box in the apartment and that s all the contact you had with anybody for six weeks, he said. When it was all over, they kind of went back to work, the billionaire investor added. It happened they did it exactly right.
STONKS STAY WINNING!!!
Americans are all in on the stock market. Individual investors are holding more stocks than ever before as major indexes climb to fresh highs. They are also upping the ante by borrowing to magnify their bets or increasingly buying on small dips in the market. Stockholdings among U.S.
El Papa Demands Reform
Pope Francis is taking additional steps to crack down on corruption at the Vatican by decreeing that all bishops and cardinals be tried if they are suspected of criminal behavior. This marks the second time in two days that the pope has worked to hold top church officials accountable for their actions.
By Yun Li, CNBC •
Updated 3 hours ago
Gerard Miller | CNBC
Berkshire Hathaway Vice Chairman Charlie Munger called bitcoin disgusting and contrary to the interests of civilization. I don t welcome a currency that s so useful to kidnappers and extortionists and so forth, nor do I like just shuffling out of your extra billions of billions of dollars to somebody who just invented a new financial product out of thin air, he said.
The 97-year-old Munger has long criticized bitcoin for its extreme volatility and a lack of regulation.
Berkshire Hathaway Vice Chairman Charlie Munger s distain toward bitcoin has only intensified amid the digital asset s record run this year.
Of course I hate the bitcoin success, the 97-year-old Munger said during a Q&A session at Berkshire s annual shareholder meeting Saturday. I don t welcome a currency that s so useful to kidnappers and extortionists and so forth, nor do I like just shuffling out of your extra billions of billions of dollars to somebody who just invented a new financial product out of thin air. I think I should say modestly that the whole damn development is disgusting and contrary to the interests of civilization, said Munger, a legendary investor in his own right.
Warren Buffett, who avoided the initial question on bitcoin earlier, responded to Munger s answer: I m alright on that one.
By Yun Li, CNBC •
Updated 3 hours ago
Gerard Miller | CNBC
Berkshire Hathaway Vice Chairman Charlie Munger called bitcoin disgusting and contrary to the interests of civilization. I don t welcome a currency that s so useful to kidnappers and extortionists and so forth, nor do I like just shuffling out of your extra billions of billions of dollars to somebody who just invented a new financial product out of thin air, he said.
The 97-year-old Munger has long criticized bitcoin for its extreme volatility and a lack of regulation.
Berkshire Hathaway Vice Chairman Charlie Munger s distain toward bitcoin has only intensified amid the digital asset s record run this year.