In his annual letter (pdf) to Berkshire Hathaway shareholders, Warren Buffett touted his confidence in the U.S. economy while also warning about “runaway inflation” from the consequences of fiscal deficits over the last decade. Buffett, 92, encouraged investors to concentrate on the long term rather than short-term volatile conditions, arguing that betting against the United…

Charlie Munger, vice chairman of Berkshire Hathaway, has issued scathing comments on the crypto industry after one of the globally leading exchanges FTX collapsed last week. “It’s partly fraud and partly delusion,” Munger said on CNBC Tuesday. “That’s a bad combination. I don’t like either fraud or delusion. And the delusion may be more extreme than…

Charlie Munger, the vice chairman of Warren Buffet’s Berkshire Hathaway, is not particularly worried about inflation, and believes people will be using fossil fuels for a long time. Inflation is “always with us in an episodic way,” Munger said in an interview published by the Australian Financial Review on July 12. “That’s what modernity causes….

Charlie Munger, billionaire investor and longtime business partner of Warren Buffett, issued a stark warning on the persistent price pressures gripping the U.S. economy, saying at a Wednesday event in Los Angeles that inflation was a “huge danger” and “possibly the way democracies die.” The 98-year-old Munger made the somber remarks during a wide-ranging discussion at…

The current markets are apparently “even crazier” than the dot-com era with overvalued prices and self-centered cryptocurrency investors, said Charlie Munger in a conference call on Friday. Berkshire Hathaway Vice Chairman Charlie Munger, 97, is a polymath and the trusted partner of one of the world’s biggest investors, Warren Buffett. Munger was addressing Australian investors…

U.S. billionaire investor Charlie Munger, vice chairman of Berkshire Hathaway, praised China’s communist regime for its silencing of Alibaba founder Jack Ma. “Communists did the right thing,” said Munger on what the Chinese regime did to Ma, in an interview with CNBC on June 29. Munger, a longtime business partner of Warren Buffett, said the Chinese…

U.S. billionaire investor Charlie Munger, vice chairman of Berkshire Hathaway, praised China’s communist regime for its silencing of Alibaba founder Jack Ma. “Communists did the right thing,” said Munger on what the Chinese regime did to Ma, in an interview with CNBC on June 29. Munger, a longtime business partner of Warren Buffett, said the Chinese…