Charlie Munger doesn’t know what’s worse: Tesla at $1 trillion or bitcoin at $50,000_老虎社区_美港股上老虎

Charlie Munger doesn’t know what’s worse: Tesla at $1 trillion or bitcoin at $50,000

cnbc2021-02-25

KEY POINTS Charlie Munger, vice chairman of Berkshire Hathaway and Warren Buffett’s longtime business partner, on Wednesday dismissed the rocketing share price of Tesla and the recent bitcoin frenzy....

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129

w8w8
·2021-02-28
wellsaid article
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Muan
·2021-02-26
Ok
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Tiongwee
·2021-02-26
True
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SafetyFirst
·2021-02-26
Like
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nicholastsj
·2021-02-26
please like my comment
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3
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seng2000
·2021-02-26
The worst thing is, we have wall Street that never work, only drink and eat.
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Unknown934
·2021-02-26
BTC and Tesla to the moon 🌝 🚀🚀🚀
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5
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octa8
·2021-02-26
[强]
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jamjam
·2021-02-26
Wow. Please like and comment my comment
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- Unknown934:
  Please help me Too
  2021-02-26
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BlessedCCK
·2021-02-26
Interesting
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RanzMun
·2021-02-26
tesla is better than bitcoin
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- RanzMun:
  yeah
  2021-02-26
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- Albaakbert:
  Definitely
  2021-02-26
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tungngie
·2021-02-26
Yes indeed bitcoin is somethig valuable now. I would think it is like commodities such as gold and silver. The values of bitcoins is really dependent on the supply demand without any body behind it keeping it at certain values. Hmm. Quite volatile and speculative i would think. Hehe. Just my thoughts. Watching whether to get some bitcoin soon. (Like keeping some gold rings, hehe.)
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BigBigBigGum
·2021-02-26
Time to share that boomer wealth you accumulated
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Ohyeah996
·2021-02-26
He’s an old hag
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- Ohyeah996:
  Lol
  2021-02-26
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Lobstar87
·2021-02-25
Wow that’s fresh
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- Jfzarn:
  Please help like and Respond to my commment Thank you
  2021-02-26
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jamjam
·2021-02-25
Good read! Okay!
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jamjam
·2021-02-25
Good!
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JLYJ
·2021-02-25
Yup, bitcoin is too volatile to be used as currency.
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Go4good
·2021-02-25
Good read
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MyGate
·2021-02-25
He benefit form fiat money printing of course he do not like bitcoin
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It’s too volatile to serve well as a medium of exchange,” he said.\nAsked about bitcoin’s price and Tesla’s market cap, Munger said, “I don’t know which is worse.”\n\nCharlie Munger, vice chairman of Berkshire Hathaway and Warren Buffett’s longtime business partner, on Wednesday dismissed the rocketing share price of Tesla and the recent bitcoin frenzy.\nDuring an interview at the Daily Journal’s annual shareholder’s meeting,Munger was asked whether he thought it was crazier for bitcoin to hit $50,000 or for Tesla to reach a $1 trillion fully diluted enterprise value, he said: “Well I have the same difficulty that Samuel Johnson once had when he got a similar question, he said, ‘I can’t decide the order of precedency between a flea and a louse,’ and I feel the same way about those choices. I don’t know which is worse.”\nShares of Tesla rocketed 743% last year, though it’s currently down about 3% for 2021. Its market cap is about $689 billion. Bitcoin continued to surge to more than $50,000 over the past week after Tesla announced it bought $1.5 billion worth of the cryptocurrency.\nMunger was also asked what the biggest threat to banking is, and whether it was bitcoin or digital wallets like Apple Pay and Square.\n“I don’t think I know what the future of banking is, and I don’t think I know how the payment system will evolve,” he said. “I do think that a properly run bank is a great contributor to civilization and that the central banks of the world like controlling their own banking system and their own money supplies.”\n“So I don’t think bitcoin is going to end up the medium of exchange for the world. It’s too volatile to serve well as a medium of exchange. And it’s really kind of an artificial substitute for gold. And since I never buy any gold, I never buy any bitcoin.”\nMunger recommended others follow his practice.\n“Bitcoin reminds me of what Oscar Wilde said about fox hunting. He said it was the pursuit of the uneatable by the unspeakable,” he added.\nDuring the same event,Munger also issued a dire warning for novice investors he said are being lured into a trading bubble through apps like Robinhood.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":366582578,"gmtCreate":1614512018794,"gmtModify":1703477946497,"author":{"id":"3575859183800572","authorId":"3575859183800572","name":"w8w8","avatar":"https://static.tigerbbs.com/1a305fe39d1c227693a64cc331afda1a","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3575859183800572","authorIdStr":"3575859183800572"},"htmlText":"wellsaid article","listText":"wellsaid article","text":"wellsaid 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like my comment","listText":"please like my comment","text":"please like my comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/368858510","repostId":1138521814,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":368811430,"gmtCreate":1614306752120,"gmtModify":1703476124416,"author":{"id":"3562149731604888","authorId":"3562149731604888","name":"seng2000","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3562149731604888","authorIdStr":"3562149731604888"},"htmlText":"The worst thing is, we have wall Street that never work, only drink and eat.","listText":"The worst thing is, we have wall Street that never work, only drink and eat.","text":"The worst thing is, we have wall Street that never work, only drink and eat.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/368811430","repostId":1138521814,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":368813006,"gmtCreate":1614306572105,"gmtModify":1703476121501,"author":{"id":"3568773327054096","authorId":"3568773327054096","name":"Unknown934","avatar":"https://static.tigerbbs.com/8b3574572ddefc308a01b8cc301667c4","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3568773327054096","authorIdStr":"3568773327054096"},"htmlText":"BTC and Tesla to the moon 🌝 🚀🚀🚀","listText":"BTC and Tesla to the moon 🌝 🚀🚀🚀","text":"BTC and Tesla to the moon 🌝 🚀🚀🚀","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/368813006","repostId":1138521814,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":368897591,"gmtCreate":1614305490813,"gmtModify":1703476103171,"author":{"id":"3563518698255751","authorId":"3563518698255751","name":"octa8","avatar":"https://static.tigerbbs.com/a9866d6e2ee91185e34a0a44121ba0f1","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3563518698255751","authorIdStr":"3563518698255751"},"htmlText":"[强]&nbsp;","listText":"[强]&nbsp;","text":"[强]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/368897591","repostId":1138521814,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":368806121,"gmtCreate":1614304681763,"gmtModify":1703476081613,"author":{"id":"3559204036277229","authorId":"3559204036277229","name":"jamjam","avatar":"https://static.tigerbbs.com/6542201483b33e63d9036c1e565275b2","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3559204036277229","authorIdStr":"3559204036277229"},"htmlText":"Wow. Please like and comment my comment","listText":"Wow. Please like and comment my comment","text":"Wow. Please like and comment my comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/368806121","repostId":1138521814,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3667238,"gmtCreate":1614306592443,"gmtModify":1635760935769,"authorId":3568773327054096,"author":{"id":3568773327054096,"idStr":"3568773327054096","authorId":3568773327054096,"name":"Unknown934","avatar":"https://static.tigerbbs.com/8b3574572ddefc308a01b8cc301667c4","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":368806121,"type":1,"supId":0,"prevId":0,"content":"Please help me Too","text":"Please help me Too","html":"Please help me Too"}],"langContent":"EN"},{"id":368143426,"gmtCreate":1614303018365,"gmtModify":1703476052995,"author":{"id":"3558588824683710","authorId":"3558588824683710","name":"BlessedCCK","avatar":"https://static.tigerbbs.com/b3f34ab6b488f4a58d6aba8835e7a830","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3558588824683710","authorIdStr":"3558588824683710"},"htmlText":"Interesting","listText":"Interesting","text":"Interesting","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/368143426","repostId":1138521814,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":368137542,"gmtCreate":1614299330286,"gmtModify":1703475977898,"author":{"id":"3564632017613065","authorId":"3564632017613065","name":"RanzMun","avatar":"https://static.tigerbbs.com/ab789f3aa7d832d555f2c63115321779","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3564632017613065","authorIdStr":"3564632017613065"},"htmlText":"tesla is better than bitcoin","listText":"tesla is better than bitcoin","text":"tesla is better than bitcoin","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/368137542","repostId":1138521814,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3666128,"gmtCreate":1614299343850,"gmtModify":1635760982773,"authorId":3564632017613065,"author":{"id":3564632017613065,"idStr":"3564632017613065","authorId":3564632017613065,"name":"RanzMun","avatar":"https://static.tigerbbs.com/ab789f3aa7d832d555f2c63115321779","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":368137542,"type":1,"supId":0,"prevId":0,"content":"yeah","text":"yeah","html":"yeah"},{"id":3666769,"gmtCreate":1614303401897,"gmtModify":1635760955279,"authorId":3573197870935019,"author":{"id":3573197870935019,"idStr":"3573197870935019","authorId":3573197870935019,"name":"Albaakbert","avatar":"https://static.tigerbbs.com/38fb1a202f211aaf65a6b491072b884f","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":368137542,"type":1,"supId":0,"prevId":0,"content":"Definitely","text":"Definitely","html":"Definitely"}],"langContent":"EN"},{"id":368372531,"gmtCreate":1614296788223,"gmtModify":1703475932707,"author":{"id":"3576456086582950","authorId":"3576456086582950","name":"tungngie","avatar":"https://static.tigerbbs.com/988bf89c2727c98e8bd27200a813c1b2","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3576456086582950","authorIdStr":"3576456086582950"},"htmlText":"Yes indeed bitcoin is somethig valuable now. I would think it is like commodities such as gold and silver. The values of bitcoins is really dependent on the supply demand without any body behind it keeping it at certain values. Hmm. Quite volatile and speculative i would think. Hehe. Just my thoughts. Watching whether to get some bitcoin soon. (Like keeping some gold rings, hehe.)","listText":"Yes indeed bitcoin is somethig valuable now. I would think it is like commodities such as gold and silver. The values of bitcoins is really dependent on the supply demand without any body behind it keeping it at certain values. Hmm. Quite volatile and speculative i would think. Hehe. Just my thoughts. Watching whether to get some bitcoin soon. (Like keeping some gold rings, hehe.)","text":"Yes indeed bitcoin is somethig valuable now. I would think it is like commodities such as gold and silver. The values of bitcoins is really dependent on the supply demand without any body behind it keeping it at certain values. Hmm. Quite volatile and speculative i would think. Hehe. Just my thoughts. Watching whether to get some bitcoin soon. (Like keeping some gold rings, hehe.)","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/368372531","repostId":1138521814,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":368953180,"gmtCreate":1614275716240,"gmtModify":1703475769657,"author":{"id":"3570322889181116","authorId":"3570322889181116","name":"BigBigBigGum","avatar":"https://static.tigerbbs.com/417af17cc9f3715c90035c68c4435810","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3570322889181116","authorIdStr":"3570322889181116"},"htmlText":"Time to share that boomer wealth you accumulated&nbsp;","listText":"Time to share that boomer wealth you accumulated&nbsp;","text":"Time to share that boomer wealth you accumulated","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/368953180","repostId":1138521814,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":368926281,"gmtCreate":1614275039343,"gmtModify":1703475759695,"author":{"id":"3575028425176723","authorId":"3575028425176723","name":"Ohyeah996","avatar":"https://static.tigerbbs.com/22eab7f73256ba700a03896b8ce5fdf2","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3575028425176723","authorIdStr":"3575028425176723"},"htmlText":"He’s an old hag","listText":"He’s an old hag","text":"He’s an old hag","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/368926281","repostId":1138521814,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3664413,"gmtCreate":1614275597645,"gmtModify":1635761040888,"authorId":3575028425176723,"author":{"id":3575028425176723,"idStr":"3575028425176723","authorId":3575028425176723,"name":"Ohyeah996","avatar":"https://static.tigerbbs.com/22eab7f73256ba700a03896b8ce5fdf2","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":368926281,"type":1,"supId":0,"prevId":0,"content":"Lol","text":"Lol","html":"Lol"}],"langContent":"EN"},{"id":368057796,"gmtCreate":1614267829715,"gmtModify":1634550364584,"author":{"id":"3576884682555631","authorId":"3576884682555631","name":"Lobstar87","avatar":"https://static.tigerbbs.com/551c557c2cc984268293d049669c98fe","vip":1,"crmLevel":6,"crmLevelSwitch":0,"idStr":"3576884682555631","authorIdStr":"3576884682555631"},"htmlText":"Wow that’s fresh&nbsp;","listText":"Wow that’s fresh&nbsp;","text":"Wow that’s fresh","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/368057796","repostId":1138521814,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3665919,"gmtCreate":1614297775917,"gmtModify":1635760990830,"authorId":3574240097120980,"author":{"id":3574240097120980,"idStr":"3574240097120980","authorId":3574240097120980,"name":"Jfzarn","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":368057796,"type":1,"supId":0,"prevId":0,"content":"Please help like and Respond to my commment Thank you ","text":"Please help like and Respond to my commment Thank you ","html":"Please help like and Respond to my commment Thank you "}],"langContent":"EN"},{"id":368019889,"gmtCreate":1614265636441,"gmtModify":1634550381371,"author":{"id":"3559204036277229","authorId":"3559204036277229","name":"jamjam","avatar":"https://static.tigerbbs.com/6542201483b33e63d9036c1e565275b2","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3559204036277229","authorIdStr":"3559204036277229"},"htmlText":"Good read! Okay!","listText":"Good read! Okay!","text":"Good read! Okay!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/368019889","repostId":1138521814,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":368034021,"gmtCreate":1614265501163,"gmtModify":1634550382772,"author":{"id":"3559204036277229","authorId":"3559204036277229","name":"jamjam","avatar":"https://static.tigerbbs.com/6542201483b33e63d9036c1e565275b2","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3559204036277229","authorIdStr":"3559204036277229"},"htmlText":"Good!","listText":"Good!","text":"Good!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/368034021","repostId":1138521814,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":368095964,"gmtCreate":1614265103858,"gmtModify":1634550386772,"author":{"id":"3572685978072370","authorId":"3572685978072370","name":"JLYJ","avatar":"https://static.tigerbbs.com/de57572f1fa11e3decd397d6be51e2e6","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3572685978072370","authorIdStr":"3572685978072370"},"htmlText":"Yup, bitcoin is too volatile to be used as currency.","listText":"Yup, bitcoin is too volatile to be used as currency.","text":"Yup, bitcoin is too volatile to be used as currency.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/368095964","repostId":1138521814,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":368096684,"gmtCreate":1614265072148,"gmtModify":1634550387359,"author":{"id":"3574137625928817","authorId":"3574137625928817","name":"Go4good","avatar":"https://static.tigerbbs.com/4d6cba44f6fd16fdf2c1ddcd31d87971","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3574137625928817","authorIdStr":"3574137625928817"},"htmlText":"Good read","listText":"Good read","text":"Good read","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/368096684","repostId":1138521814,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":361777663,"gmtCreate":1614264648952,"gmtModify":1634550393654,"author":{"id":"3554940541217211","authorId":"3554940541217211","name":"MyGate","avatar":"https://static.tigerbbs.com/bd5d001d1c51c479c77e8dde6f89d808","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3554940541217211","authorIdStr":"3554940541217211"},"htmlText":"He benefit form fiat money printing&nbsp;of course he do not like bitcoin","listText":"He benefit form fiat money printing&nbsp;of course he do not like bitcoin","text":"He benefit form fiat money printing of course he do not like bitcoin","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/361777663","repostId":1138521814,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":129,"commentSize":94,"repostSize":0,"favoriteSize":1,"likeStatus":false,"favoriteStatus":false}}