Thread: Charlie Munger

Charlie Munger Says Fiat Currency Going To Zero "Over 100 Years"

Munger says "inflation is a very serious subject. You can argue that it's the way democracies die... If you overdo it, you can ruin your civilization, so it’s a long-range danger."

"The safe assumption for investors is that over the next 100 years, the [fiat] currency is going to zero... that's my working hypothesis."

On Crypto
"I'm proud of the fact I've avoided it," he said, referring to cryptocurrencies. "It's like some venereal disease ... I just regard it as beneath contempt."

https://www.zerohedge.com/crypto/cha...nereal-disease