• Buffett's right-hand man says US stock market is overvalued

    1 month ago - By Chron

    OMAHA, Neb. - Investor Warren Buffett's right-hand man says the U.S. stock market is overvalued, but he doesn't know when the bubble will burst.
    Billionaire Charlie Munger is a vice chairman at Buffett's Berkshire Hathaway conglomerate. He typically sits alongside Buffett to field questions at Berkshire's annual meetings in Omaha, Nebraska, each spring.
    “I think it must end badly but I don't know when,” Munger said of the stock market's run to record levels. He fielded questions for two hours Wednesday at the annual meeting of another company he is chairman of, the Daily Journal, which...
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  • Investing legend Charlie Munger blasts SPACs as indication of an 'irritating bubble' and says the 'world would be better off' without them

    Investing legend Charlie Munger blasts SPACs as indication of an 'irritating bubble' and says the 'world would be better off' without them

    1 month ago - By Business Insider

    Summary List Placement
    Charlie Munger said SPACs are an "irritating bubble" at the Daily Journal annual meeting Wednesday.
    The Berkshire Hathaway vice-chairman said the world would be better off without the speculative investment vehicles.
    Sign up here for our daily newsletter, 10 Things Before the Opening Bell .
    Berkshire Hathaway vice-chairman Charlie Munger blasted SPACs at the Daily Journal annual meeting on Wednesday, saying that the "world would be better off" without the investment vehicles.
    "Crazy speculation in enterprises not even found or picked out yet is a sign of an...
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  • Investing legend Charlie Munger blasts SPACs as indication of an 'irritating bubble' and says the 'world would be better off' without them

    1 month ago - By Business Insider

    Lane Hickenbottom/Reuters
    Charlie Munger said SPACs are an "irritating bubble" at the Daily Journal annual meeting Wednesday. The Berkshire Hathaway vice-chairman said the world would be better off without the speculative investment vehicles. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Berkshire Hathaway vice-chairman Charlie Munger blasted SPACs at the Daily Journal annual meeting on Wednesday, saying that the "world would be better off" without the investment vehicles. Special purpose acquisition companies, or "blank check companies," list on a stock...
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