“I wish it had been banned immediately, and I commend the Chinese for banning it.”Munger said Wednesday at the Daily Journal Corp.’s annual meeting, which was held virtually. “I certainly haven’t invested in crypto. I’m proud I avoided it. It’s like a sexual dysfunction or something. I just find it despicable.”
“I would argue that venture capital is throwing away too much money too fast, and venture capital and other forms of private equity are lacking significantly,” the 98-year-old veteran investor stressed.
But these statements did not go unnoticed and neither from anyone else nor less than anyone. Elon Musk, Tesla and SpaceX CEO Elon Musk reacted to billionaire Charlie Munger’s comments.
In response to a tweet about Munger’s remarks, Musk shared a nostalgia with fellow Warren Buffett. “I was at lunch with Munger in 2009 where he told the whole table how Tesla would fail.“This tycoon wrote. “It hurt me a lot, but I told him that I agreed with all those reasons and we would probably die, but it was worth a try anyway,” he said.