Charlie Munger weighs in on crypto collapse: We do not need currency for kidnappers

Berkshire Hathaway Vice Chairman Charlie Munger joins CNBC's Becky Quick to weigh in on the fallout of crypto exchange FTX. For access to live and exclusive video from CNBC subscribe to CNBC PRO: cnb.cx/2NGeIvi
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[@rjw6487]

98 and still a sharp knife. Kudos to Mr Munger!

[@TheJungleCrew]

FBI?

[@crazyprayingmantis5596]

If he was sharp he'd understand Bitcoin instead of calling it rat poison. It's only rat poison to him because it threatens all his investments in banks. Just remember, criminals don't rob banks. They own them

[@upstateNYfinest]

He has slowed down quite a bit over the past few years. He's probably still sharper than most 98 year olds

[@paulattaboyatreides6414]

And fought in WW2

[@maxokream6269]

Sharp like a butter knife

[@alexanderzuraff6992]

Charlie is the freaking man - you always do a great job with his interviews and let him finish his thoughts

[@luciatorres7788]

The sole secret of making steady gains in crypto is simple; get in with the right approach!! You don’t expect your first attempt to raise huge gains due to social media hype. Take your time and search for a trustworthy professional and keep up with their trades.

[@paulcharlotte1527]

You're right. If it was easy as hyped on social media, All who had cryptos on any broker/exchange would be millioners by now

[@Isabella01a]

I got her recommendtions from an article I came across and tried her services with just $5,000. She helped me grew that into $42k.

[@audreyevans7175]

I've been having issues with Most top experts always been restricted to the U.S. can she be of help to people from asia?

[@michaelshelford6894]

Shes got the best rating I've seen. Not only in paper but in one-on-one interaction. Steady weekly gains is really possible and available to all despite been new or without experience...you just have to lookout for Highly rated experts and keep up with their trades... Sandra is definitely no.1 on the list!!!

[@harperstella5323]

@Freeman Michael I've been trading and making losses most especially during this bear market. how do you explain making gains when crypto is dumping and selling off since early November?

[@kathyandrew3357]

YOU WORK FOR 40YRS TO HAVE $1M IN YOUR RETIREMENT, MEANWHILE SOME PEOPLE ARE PUTTING JUST $10K IN A MEME COIN FOR JUST FEW MONTHS AND NOW THEY ARE MULTIMILLIONAIRES.......

[@chrisholdgate7074]

Well😊 when we talk about investment, I strongly advise you against self trading, it's really dangerous and had brought so many investors down, you need someone with the knowledge and strategies, someone dedicated to the crypto currency market business, and I will strongly recommend Carol Brewster

[@svenhodaka9145]

I just love seeing Becky break out in laughter at Charlie’s comment. That made my day!😁 He’s a wise person and I like her interview.

[@beepmcjeep5527]

@ 2:34 This kills my sides even being involved in crypto and wrapped up in all this, couldn't stop laughing for a solid few minutes. I'll miss these guys when they go, even as they (admittedly themselves) become dinosaurs on the way out.

[@jimbojimbo6873]

Shes got too much of a stick up her ass about her dad losing her job decades ago

[@matthewnorton5870]

They don’t call him charming Charlie for nothing

[@matthewnorton5870]

They don’t call him charming Charlie for nothing

[@L7Fx]

She’s only so giggly because they’re obviously boinking after every single one of his TV appearances

[@TheEvilDead1983]

Last year people were laughing at him for speaking the truth about crypto. I bet they aren't laughing now.

[@RobotRon_2084]

Still laughing and buying the dip

[@corgasaurus4933]

Still laughing. As of today, How does the value of the dollar compare to a Bitcoin in the last 10 years?

[@chessandmathguy]

@@RobotRon_2084 buying the dip is still a losing move on something valueless that's heading to zero. buying the dip on enron or bear stearns seemed like good ideas too (wow, what a deal!) but they weren't.

[@moonboyblues2275]

Nope, still laughing

[@RobotRon_2084]

@@chessandmathguy I'm not buying Bear Stearns, or FTX. I'm buying the houses. Houses to zero.

[@BoramaWarrior]

"The country does not need a currency for kidnappers"

[@PositionOfPower100]

Lol that means we cant have currency

[@moonboyblues2275]

@@PositionOfPower100 Yup

[@crazyprayingmantis5596]

That's the US dollar. Bitcoin is the worst thing to use for criminal activity

[@cryptocandy333]

The dollar is the best way to fund illegal activity, once in the hands of a person it cannot be traced, that's why it is called MONEY LAUNDERING!!! Smh!!

[@cryptocandy333]

These old timers, still think they're riding in horse and buggy. The same principle used in the stock markets to make a profit are the same principles that newbies use with crypto currency trading , just way more profititable with the added technology.

[@angcx6192]

Her interviews with Buffett and Munger are always great

[@chiquita683]

The behind the scenes with the 3 of them is interesting too

[@knkootbaoat6759]

@@chiquita683 what's behind the scenes?

[@L7Fx]

@@knkootbaoat6759 oh man you don’t wanna know….

[@knkootbaoat6759]

@@L7Fx sheeeeeit it's like that eh? ig I'll have to get my hands dirty and google

[@quillowl4319]

i enjoy hearing the way Charlie Munger expresses his thoughts, refreshing

[@matthewnorton5870]

Yes. Long life to him

[@frankagliotti3626]

I love Charlie Mungers wisdom, insight and character. Pearls of wisdom.

[@bkfabs]

Sharp as a tack at 98! God bless him.

[@josephjohn7765]

*EVERY FAMILY HAS THAT ONE PERSON WHO WILL BREAK THE FAMILY FINANCIAL STRUGGLE I HOPE I BECOME THE ONE ☺️... IN A FEW WEEKS I WAS ABLE TO PAY OFF MY DEBTS THROUGH INVESTING IN CRYPTO TRADING*

[@jonathanbarisk.9348]

*Assets that can make you rich Crypto Stocks Real estate*

[@jonathanbarisk.9348]

it's obvious. a lot of people remain poor due to ignorance, it's better to take risks and make sacrifices than to stay poor

[@goldsuccess]

The best strategy to use in trading is to trade a professional who understands the market quite well, that way maximum profit is guaranteed. Because I have learned along the way of my investment that research and analysis are important, note that experience is more needed, than luck when it comes to the financial market.

[@emmettmicah626]

This Bitcoin trading has set sail. I honestly cannot overemphasize how much delving into Bitcoin trading has helped saved and changed the lives of many.

[@dylanm.michael8565]

@@emmettmicah626 Yeah you're right, most times it amazes me greatly the way I moved fro an average lifestyle to earning over $62k per month, utter shock is the word. I have understood a lot in the past few years to doubt that opportunities abound in the financial markets, The only thing is to know where to focus.

[@Zizook]

I actually tried tell my father to stay away from crypto at its peak, I'm 22 he's 50. He didn't listen and lost a few grand in the process.

[@sphanationsphanation2426]

You're smart young man

[@richardwilliams4669]

You only lose it if you sell. The people that bought the top in 2017 could have tripled their money in 2021. The people buying the peak of the stock market are also now down a few grand. The people who bought a house in the last 6 months are down a few years. You have a bit more to learn about investing.

[@richardwilliams4669]

You only lose it if you sell. The people that bought the top in 2017 could have tripled their money in 2021. The people buying the peak of the stock market are also now down a few grand. The people who bought a house in the last 6 months are down a few grand. You have a bit more to learn about investing.

[@Igor_054]

@@richardwilliams4669 Crypto is not an investment. It is just a failed private money project. Nobody is using crypto to purchase stuff in any meaningful way, even after 14 years of its creation. 99% of crypto transactions are just people passing a hot potato around, expecting to make more money out of it.

[@Thea-gj2or]

@@richardwilliams4669 so. Everything eventually goes back up, even fairy dust. Sounds like you have some learning to do. Your welcome.

[@hkrumble]

Becky knows how to talk to Charlie. She’s great. What a pro.

[@mp9305]

it's always the same interviewer for him and Buffet. I'm sure they own a piece of CNBC.

[@fernendo4]

Love this guy.

[@jalensellars7868]

@@Etaoinshrdlu69 I'm sure he's not mad about it being a billionaire.

[@ashok845]

@@Etaoinshrdlu69 people who bought bitcoin at 10 cents sold it at 20 cents anyways and 90% of people currently holding bitcoin are in loss.

[@yendothegamer9880]

@ashok845 that makes absolutely no sense you are really stupid. Most holders have been holding in and only selling small amounts at certain levels since bitcoin was around $100-$1000

[@tandiep9587]

I LUV this man....tells it like it is Legend

[@edenandrew]

Despite the economic downturn, so happy.i have been earning$60,200 returns from my $7000 investment every 13days

[@edwinhargrave679]

This man tells the truth and people better listen.

[@AndreAnyone]

This dude is a clown who probably can't work his VCR hahahaha 😂 I'm not gonna take cutting edge technology advice from grandpa lmao 😂 🤣 😆 what a clown 🤡

[@Thea-gj2or]

His truth. My truth. But maybe not everyone's truth.

[@sirxyz5947]

No thanks. This guy is too old and doesn't even know how crypto works

[@fjackson4382]

@@sirxyz5947 exactly. He's old and done. BTC is what people will be buying and not gold.

[@asyncasync]

lmfao

[@junkmail75034]

2:54 Becky’s laugh is priceless 🤣🤣🤣

[@mwaikul]

Never eat when listening to Charlie food might go down the wrong pipe just happened to with his comment about hot deals :)

[@EffySalcedo]

😂😂🤣

[@straightdrive6192]

Wise words. titok generation doesn't understand what he means.

[@ggc7318]

Crypto is worse than fiat.

[@giacomu1]

This old fart still holds Wells Fargo stock. Wells Fargo scandal ring a bell?

[@ryantrent2114]

I'm not exactly a fan of Munger's. His success story is beyond archaic but he's spot on with crypto.

[@BPoweredLove]

@@ryantrent2114 Only people who know nothing about crypto would say something like that. Charlie has absolutely no idea about the space, but unlike Buffet, he continues to speak on topics he knows nothing about. And unwitting fools think he's "spot on".

[@ryantrent2114]

@@BPoweredLove I would only invest in crypto if I have money to burn so I don't care if I'm wrong about it. It's beyond speculative as an investment vehicle and seems to have a massive downside. I'd rather drive a truck.

[@janesmith9628]

Hey where can I get some of this Munger Coin?! Great interview.

[@andrewmorales5325]

Charlie Munger from that golden generation he speaks we need to listen

[@farcenter]

Man is a national treasure

[@impactodelsurenterprise2440]

So are LGBTQs.

[@Themultimediaguy]

Anyone know if the full interview is somewhere? I think everything we can hear from Charlie at this point is very precious.

[@SeenaAbedi]

When he speaks, you listen. It's quite simple. Don't be stubborn and think you know more than Warren Buffett or Charlie Munger.

[@BennyGoId]

Whatever you say, sheep.

[@danchen6783]

They have been very open about not being great in tech. But they never said “Amazon isn’t worth a dollar”. They just admitted they have a hard time figuring out the right number on the valuation. However, I’ve literally never heard them call the short side wrong on anything. If they say something is crap, 100% they have been right.

[@royprovins7037]

They know how to call the government and see who will get the bailouts

[@SeenaAbedi]

@@BennyGoId We’ll see how it plays out.

[@SeenaAbedi]

@@nocapcryptoo you’re fabricating things.

[@steveg6978]

Lets call it what it is..." Bit Con "

[@root123]

Well, you got to listen to him, he is making the money

[@Slide61]

Wish Charlie was 50 years younger. We need a stabilizing voice for the long term now more than ever.

[@TheNORegretShow]

Old people and kids always say what's on there minds and never hold back. It's not like him and Buffett have not been telling people.

[@noahlupu5719]

Agree 100%

[@pav7315]

Can’t wait to watch the full, raw conversation. No need to summarize his thoughts, he chooses his words wisely

[@austinluepkes5484]

Many long pauses

[@matteop.5675]

Where is the full version? I cannot find

[@pav7315]

@@matteop.5675 11/15 podcast of “squawk pod”

[@vinese100]

One of the all time greats!

[@Midman1972]

Buffet & Co. always make me proud to hale from Nebraska. I’m sure Berskshire has trotted the globe endlessly to fuel their successes, but Charlie speaks the no-bs that underscores their Omaha roots. Omaha is the best city of its size in the US IMO.

[@ihmpall]

How cold is it ?

[@James-Lifts]

Yup. I agree. I stayed far away from crypto. They all thought they were sooooooo smart and I loved how dumb they tried to make me constantly feel. Hehehehe.

[@willriley1619]

All crypto is snake oil. Always has been. Doesn't mean you can't make money selling snake oil but it ultimately has no value.

[@jeffreywashington5461]

Love his plain speak

[@gosmarte669]

Old fashioned wisdom, it never fails!

[@jonlundgren562]

Charlie and Warren. Legends.

[@NEOmnius]

Yeah. The best inside traders ever.

[@din7834]

​@@NEOmniuscan you prove that, do your testimony on the Congress then? 🤡

[@Eakkrit_Okas99]

Yes, legend that still attacking Bitcoin until his death But Bitcoin go Bullish and Bullish Legendary

[@surendra1999]

He is so right. Bad ideas promoted by big money to fool main street. Love this guy :)

[@rhysadams934]

Where can I find the entire interview?

[@Juoa794]

“Currency used for kidnappers” - is he referring to paper dollars? 🤔

[@Motivation2Invest]

Munger is one of the wisest people in history, those who have listened to him have not lost money in the recent crash. This doesn't mean all crypto is bad, but understanding the madness is crowds is vital when investing,

[@aztec1040]

This guy is way out over his skis. Calling bitcoin a currency for kidnappers is ignorant and ridiculous. It's almost like he is out of touch with new technology and ideas. I can't imagine why

[@garyspence2128]

Being out of touch hasn't prevented him from making himself, Warren Buffett, and countless others an enormous amount of money over 3 generations of financial investment in the United States and worldwide. He's a true OG in that field. Not fly-by-night like these crypto hustlers. Until you can build a reputation as strong and reliable as Charlie's, why are you even attempting to cast any shade onto this legend??

[@ryantrent2114]

@@garyspence2128 Munger is a dinosaur, a pure relic. His success story is no road map for the future. He might have good advice when it comes to saving, but his kind of career would almost never happen in this century.

[@ryantrent2114]

Well, not in the early 70s when he had to close down Wheeler, Munger and Company after it lost 32% in 1973 and 31% in 1974. Munger hasn't always been good.

[@mephistoss238]

He's balls deeps into Alibaba which is one of the worst performing stocks in the recent times

[@in6tinct]

Comparing blockchain to fairy dust the same way a person from the middle ages will compare a smartphone to magic.

[@Igor_054]

No, a medieval person would only call a smartphone "magic" if they were impressed by its functioning. Blockchain serves no function, though, and doesn't impress anyone.

[@in6tinct]

@@Igor_054 "Blockchain serves no function" - Someone who understands nothing about blockchain. You really think the geniuses in the computer science industry are leaving web2.0 for web3.0 to play with what you call is useless? This is the same way they left in the early 2000s to make the dream of the internet come true.

[@JohnSmith-il7jn]

Does a 98-year-old know more about life and money than a 22-year-old? You do the math.

[@brandonhoffmaster6199]

It's a lot like the sub prime mortgages and variable rate student loans

[@flippatheshippa]

Freaking hilarious 🤣🤣🤣🤣🤣🤣🤣 I love this man

[@erichkraetz2622]

I must say you are an inspiration because I started up investing and trading as a scared investor who doesn’t want to lose money, glad to say I’m very profitable now and bought my first house through it

[@alexyoung3126]

Nobody can become financially successful overnight. They put in background work but we tend to see the finished part. Fear is a dangerous component, hindering us from taking bold steps we need in other to reach our goals. you have to contend with inflation, recession, decisions from the Feds and all. I was able to increase my portfolio by $289k in months. You have to seek for help in the right places.

[@kimyoung8414]

@@alexyoung3126 I think it's not always about fear, Sometimes realistic factors discourage people from reaching their goals in life. For instance, I've tried investing in the stock market several times but always got discouraged by fluctuations of stock value

[@joesphcu8975]

@@kimyoung8414 This is the problem! Most times people with little or no knowledge of the stock market try investing by themselves. It once happened to me, then I learned my lesson and contacted a US-based finance consultant by name ''Ingrid Cecilia Raad'' and everything changed. In in the first quarter of this year i made $370k and counting.

[@lawerencemiller9720]

@@joesphcu8975 Impressive, that sounds good but how do I reach out to Ingrid ?

[@joesphcu8975]

@@lawerencemiller9720 Use your browser to search for the name to see her website.

[@cem2337]

Charlie is my kind of guy. Never liked Bitcoin,never will.

[@michaelmartin9148]

Thanks for your input Charlie!! Very interesting. It will be interesting to see how the crypto space and the crypto exchange situation plays out over the next few years.

[@BPoweredLove]

For those listening to Charlie: wrecked. For those doing research and be smart about the space: thrive. Simple.

[@R.I.S.69]

All the stupid crypto enthusiasts calling him a dinosaur and what not when he speaks ill of their fad these past few years.....only for these 'enthusiasts' to learn the hard way when the frothiness in markets come to an end! What a Legend Mr. Munger Is!! XD

[@BennyGoId]

Investing in/trading cryptocurrency goes all the way back to 2013. Crypto's been here since 2008 (the year Bitcoin's whitepaper was published). "Fads" don't typically last 14 years. Have you been living under a rock, or did you not hear about the existence of cryptocurrency until 2020-2021?

[@ramanchaudhary2518]

@@BennyGoId the crypto fad started in 2018 before that no one knew of the existence of crypto and bitcoin keep huffing copium

[@johntate131]

@@BennyGoId I agree, there’s too many old ppl that got into the space 1 or 2 years ago cuz they heard about easy money and now want to blame crypto for their FOMO. We all know that FTX coin and those stable coins are crap. Like none of this new to us and FTX wasn’t the first. Charlie doesn’t like it because he doesn’t understand it. That’s why we call him a dinosaur lol

[@johntate131]

We really need to separate the difference between bitcoin and those made up crap stable coins. Blockchain is so revolutionary that it’s understandable that ppl don’t get it. Every great invention looks silly and useless at first. They felt the same thing about the internet and the automobile.

[@USGrant21st]

All the cryptoscam is a one huge ponzi scheme. Many moving parts connected with each other. As we see the pieces are falling out, the whole bubble will blow soon and that will be spectacular.

[@funkyamii]

I never understood what block chain has to do with the value of these cryptos. It is a technology, which can have wide spread applications. But how come some currency built on any technology without approval of government or any regulation has any meaningful value!

[@avatads438]

I recommend reading and studying more so you can understand. There's too much to explain in a comment.

[@James-vj5hz]

It's regulated by code

[@funkyamii]

@@James-vj5hz so? that gives it value? every code is hackable and every bank use code for digital money(dollar)

[@funkyamii]

I have done blockchain projects dude. But while I see the potential of Blockchain, crypto is still sham for me

[@kevinmarten]

One thought is to buy the dip and then wait to break even, another thought is: Will buying low during a recession work if I'm retiring in the next 3years, I'm no way near prepared for retirement and I just need strategies to scale up to atleast 2million by the time I'm set to retire

[@martingiavarini]

I noticed, a lot of folks are making huge 6figure killings in this downtrend, only just that such technques are mostly successfully executed by folks with indepth mrkt knowledge.

[@Oly_laura]

True, the US-Stock Mrkt had been on it’s longest bull-run in history, so the mass hysteria and panic is relatable, considering we’re not accustomed to such troubled mrkts, but as you mentioned there are avenues lurking around if you know where to look, I’ve netted over $850k in the past 10months and it wasn't some rocket-science strat. I applied , I just knew I needed a firm and reliable technque to navigate better in these times, so I hired a portfoilo advlsor.

[@Oly_laura]

@@jackwalker5752 .Credits to 'Donna Lorraine Judge' she has a web presence, so you can simply

[@arnoldsilvaruiz6646]

This means we are pretty close to the dip.

[@MaxFromSydney1]

I love this clip! Becky is plenty smart enough to set Munger up to unload without feeling the need to interrupt him. It was hilarious to see her laugh so freely; she’s normally so restrained and in control of her emotions in front of the camera.

[@MrVoronoi]

Mungercoin. Love it.

[@mvsorola]

I’m glad CM is speaking up. He’s right.

[@rjw6487]

The one thing you need to know about Cryptocurrency: "You have the right of nothing against nobody".

[@jimjones2987]

These comments got to be fake, like reading reviews by employees for their own company 😂😂

[@JeffCaplan313]

💯

[@bodiechoate4523]

Then I guess we don't need cash either...

[@ThomasSirianniEsq]

That’s true. kidnappers can’t use cash. Great point.

[@peterchin7796]

cutest moment I've seen of Becky so far, made my day wise words Mr.Munger!

[@trinispur3787]

Boss gentleman. Agree with him wholeheartedly!

[@CMQ]

Munger Coin! Glad to hear my hero Charlie Munger speaking the truth (per usual).

[@AndreAnyone]

This dude is a clown who probably can't work his VCR hahahaha 😂 I'm not gonna take cutting edge technology advice from grandpa lmao 😂 🤣 😆 what a clown 🤡 have fun staying poor

[@MsCardio1]

Finally, a voice of reason. From a multi billionaire. There is so much widom to be gained from hard earned experience

[@thetruth9775]

So great to hear common sense and practical thought in this world of vanity and get rich quick.

[@nickpa10]

the man they say ignore the inflation???YES CHARLIE YES

[@goma12x]

To this day I still don't get why crypto is worth anything. I agree with Charlie. When people ask me is Bitcoin a good price at $16,000, I still say the same thing it doesn't exist in reality it doesn't make anything doesn't make money I can't tell you why it's worth $16,000 let alone $2.

[@alberlusconi1]

Lots of people don’t understand technology, don’t feel bad about it.

[@imanuel8883]

@@alberlusconi1 ok but still how do you value it? Based on demand and how much others are willing to pay for it. Could be $1 could be $64k. Who the f knows

[@tdub18914]

@@imanuel8883 To understand it, you have to first throw away all logic and deductive reasoning and trust in hype, engage your FOMO, and then throw away your money.

[@fireflymedium]

First off crypto is one hell of a rabbit hole, not all coins and tokens are the same. Second btc drive its price from a number of factors. Apart of that it based on market demand. The other part of it comes from the proof of work protocol. You see very btc even made has had some amount of moeny, time and energy put into it. Btc doesnt not just come out of thin air there is poof of work that was put into making it. So back in 2008 banks where handing out mortgage to just about anyone. They would then combine these into an investment and sell that on to another investors. Or as I like to cull doing a "bankman-fired" Because they overlevage these mortgages. When the money stoped it all collapsed just like ftx and you got a global crisis. then the banks that had done this were balled put by the government as they government too was doing a "bankman-fired" by printing moeny out of thin air. Well to be fair it wasn't the government that printed the moeny it was the central bank but still moeny out of thin air. The concept of btc was to make a digital currency that had a proof of where it came from and a limited supply so that it would retain and increase in vule over time. Unlike the dollar that losses its vule ove time, what is the inflation rate at the moment? Even if you don't like or understand crypto you probably should start looking into the history or moeny and the financial system. You should also check out payment system like Mastercard, Visa, swift and how cyrtpo currencies impove the transfer of money across the world.

[@crazyprayingmantis5596]

Bitcoin is non confiscatable digital PROPERTY It's durable Portable Fungible Scarce/limited Divisible Recognisable Unconfiscatable Uncensorable Unseizable Uninflatable Trustless Permissionless Transparent Borderless Verifiable Cost effective Deflationary Can't be counterfitted Can't be double spent The purest form of "hard money" mankind has ever seen It's Apolitical Money. Separates money from state Secure, the most secure network in the world. Sovereign - The first asset class where owners have full control over what is theirs. It's peer to peer - Requires no third party or intermediary Predictable - As in we know how many will enter the supply in total and at what rate they'll enter. Not controlled by anybody, it's independent from control by governments, banks and corporations Decentralized, has no single point of failure It's the global reserve currency of the digital economy And it's getting adopted faster than the internet was. If you don't think something like this has any value then don't acquire any of it. If you can show me something that possesses all of these attributes I'll hold that instead.

[@bytesizedinvestments]

First time hearing Munger so expressive...till he spewed. Lol. Made her laugh so hard and genuinely. Lol

[@applechili2848]

Munger has always been as blunt, even at the beginning of the crypto hype.

[@nancy-vz8nb]

What did he say to make becky laugh?

[@stitchweekendrushdefection4613]

So true ..

[@robertmorgan2219]

THANK YOU BECKY for the LONG PAUSES to let him think and drop those gems!! I’m so young but I really hang on the words of old wise treasures!

[@steveg6978]

Old Charlie and Warren have made me a lot of money. Reputation is everything

[@vanmasterflash7153]

I love her

[@QQQQQman]

2:58 THE real deal - Becky cracking up. Love it

[@HepCatJack]

Berkshire and Hathaway purchased 130 million oz of Silver in 1998. During the pandemic, they purchased 12 million shares of Barrick Gold mining company. Both Silver and Gold were used to pay ransoms during the age of Piracy 1500's - 1730's. During the Viking age, English noblemen were also held for ransom for gold and silver. Both Vikings and Pirates sold prisoners into slavery using gold and silver that's currency used by human traffickers. Both Gold and Silver have a greater history of being used to pay of ransoms.

[@leomessi12345]

He is almost 100 years old.

[@scytheio1879]

what a wonderful man. even in his young age he will not be fooled into buying crypto.

[@billchepil5933]

Got to love Charlie for speaking his mind. Always liked him and Warren

[@findkip]

Dude where have you been the last 30 years that is that backbone of this country get as much $$ as you can at all costs

[@ercimoisa4235]

She lost it. LOL 😂 😂 Charlie is to the point and Hilarious.

[@johnwho5567]

I thought crypto currency was made so that anyone could have a way of transferring money to each other anywhere around the globe and without governments being involved.....That is what I like about the technology......Then people started to speculate on the technology which is a different issue altogether......

[@USGrant21st]

that's basically the definition of money laundering 😂

[@royroy8697]

@@USGrant21st its not money laundering because its not ( unless its stolen) untaxed funds moving around. Its just a new system thats more secure and faster than swift and ACH the current software used by banks. I garentee you once regulation happens and all the fake projects get dumped because its just memes - guys like him will be say “ oh this “new tech” isnt like the old scammy one, its great! when its the same. But people will listen to a billionaire because they think they can be one or because hes “smart” - no hes just a rich guy.

[@USGrant21st]

@@royroy8697 of course, it's money laundering under another name. People just show how stupid they are joining this cryptocult. But, fortunately, this bubble will blow up soon as all tulip manias always do -- a lesson, young and dumb will have to learn.

[@James-vj5hz]

@@USGrant21st That's fine. Governments are known to do horrible things, like invading neighbouring countries.

[@nyfinest487]

@@USGrant21st the government does not need to be involved in everything.

[@1800cc-Dead-Meat]

Wisdom is knowing that a man cannot always be right, but he can be righteous.

[@andrewdubose9968]

He’s good at throwing shade, but I don’t think he made any substantive points.

[@piggsinablankie]

"The country does not need a currency for kidnappers" - That's so fitting. Sums up the crypto garbage in one sentence. It should really be the quote of the year.

[@crazyprayingmantis5596]

Pretty sure the US dollar is used for that, Bitcoin is the worst thing to use for criminal activity if you understand what a public ledger is

[@orwellhuxley6301]

Let’s be clear: Munger should also have pointed out how financial news channels (such as CNBC) were quick to praise crypto outlets as genius and game changing thereby promoting FOMO.

[@ThinkLascivious]

Lol. Charlie has such a sharp wit. That quip at the end was the best gem. Lol.

[@rayraycthree5784]

Governments will not give up control of their money supply.

[@alexpang5054]

Love Mungers honesty and bluntness that cuts through the BS about this made up currency. Great words Charlie, look how out of joint you've put the nose of that interviewer. Love it.

[@yendothegamer9880]

Blind as the boomer generation, hope you are ready for your head to blow up in your lifetime when crypto ends up being the go to way for finances

[@leander9263]

he equates the downfall of a centralized exchange with bitcoin and claims that it is a currency for kidnappers. Best thing is after this fall of the whole crypto space he is not laughing but still bitter ^^

[@ralphtieleman4950]

Great laugh !! Thank you for this video

[@zo9fg]

What did Charlie say? It got bleep and I don't get it

[@cashmonyz]

munger still got the jokes to make the ladies laugh, well played

[@mosshark]

Keeping it real. I love it.

[@chuyenpham3336]

I agreed

[@blucuzzin]

98 years old, worth 2 billion, i think he knows a thing or two about a thing or two. Although I personally like blockchain technology, I'm not sure the federal reserve will just let a new currency waltz in and try to take a piece of their market lol. We shall see!

[@neilsmith9066]

It Never Ever Will. Banks have owned everything for 200 years even the government why would they just step aside? The only thing that will come out of this is JPMORGAN Coin that will be regulated by the Government. Bitcoin and all others will die

[@blucuzzin]

@@neilsmith9066 that's what i was thinking too. "Enjoy out govt backed crypto!, backed by the full faith of the United States!"

[@neilsmith9066]

@@blucuzzin last year JPMorgan just came out with JPM coin

[@blucuzzin]

@@neilsmith9066 ah wasn't aware, but you're right this would be the best time to usher that in

[@alanhamid5375]

Blockchain was never meant to be used for speculative trading or centralized control by intermediaries. The main reason is to get rid of the intermediaries, like SBF or other scammers, and let the smart contracts implement business logic in full transparency on the blockchain.

[@jg5875]

He and Buffet called this years ago. So did plenty of older investors. Be very careful of crypto, nfs and the next hype investment category. If it sounds to good to be true, it is!

[@PlatyMadness]

YOU TELL EM GRAMPA!

[@hashrizz]

What a smart legend....

[@Eastcapitalindia]

His words and her genuine laugh made my day.. we definitly need more voice like him. Getting rich by dishonesty should not be and never be the way. What kind of future we are building?? Decentralised concept in finance is a poision for sure. He is correct in pointing out regulations for any transaction of goods and services. Crypto is unregulated. Mr.muger love you 3000 and becky you too exellent job. Hope this interview will open eyes of many and be saved.

[@parimi001]

I have never seen Becky laugh (not smile). I love her.

[@BobDyl]

Awesome clip.

[@ET-we3yo]

It's amazing this guy is 98 and lucid. He may actually outlive crypto at this point haha.