Charlie Munger torched crypto and touted BYD over Tesla. Cathie Wood, Robert Kiyosaki, and Patrick Byrne just called him out.
The technology investor's view is that Tesla's innovations will drive down its costs, enabling it to slash prices and supercharge demand without sacrificing its profits margins. Wood also expects tech advances to alleviate US inflation, paving the way for the Federal Reserve to reduce interest rates and fuel economic growth.
Wood's perspective appears to be that if Tesla can cut prices without harming its margins, while lower rates and a strong economy underpin robust demand for its cars, it can crush competitors like BYD."Charlie Munger's an old man like me," Kiyosaki said in a"The reason I like crypto is not bitcoin, it's because of blockchain, which is an accounting system," Kiyosaki said."It's more legitimate than the Fed or the Treasury or Wall Street.
Kiyosaki's view is that Munger belongs to an older generation of Americans who like and trust the mainstream financial system, whereas younger people — who grasp newer tech like Apple's iPhone — are more eager to disrupt the status quo.tweeted"If Buffett had not picked him up, Munger would've been the wealthiest good lawyer in LA," he continued.
Byrne ran Berkshire-owned Fechheimer Brothers for a couple of years in the late 1990s, and his father led Berkshire-owned Geico between 1976 and 1985. The former Overstock CEO has described Buffett as his"Omaha rabbi" and a key mentor, but he's clearly much less of a Munger fan."Those in favor of crypto are IDIOTS! Well said. But they are idiot crooks!" RoubiniThe NYU Stern economist, whose penchant for pessimistic predictions has earned him the nickname"Dr.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Crypto? ‘It's worthless. It's no good. It's crazy. It does nothing but harm, and it's antisocial,’ says Charlie Munger.“Sometimes I call it crypto crappo, sometimes I call it crypto sh-t. It’s just ridiculous that anybody would buy this stuff,” Charlie Munger said. “I’m not proud of my country for allowing this crap.”
Les mer »
Oliver Wood, The Bourne Identity and Face/Off Cinematographer, Dead at 80Oliver Wood has passed away at age 80. The cinematographer was known for many films, especially in [...]
Les mer »
Saskatoon city council preview: Snow removal, swale boundaries and elm wood disposalSaskatoon city council will meet Wednesday at City Hall, with decisions to make on borrowing to cover costs of a city-wide snow clear, setting boundaries for the Northeast Swale and how to handle elm wood at the city landfill. yxe
Les mer »
Oliver Wood, Cinematographer on ‘Bourne’ Franchise and ‘Face/Off,’ Dies at 80Wood, who got his start in the 1980s on 'Miami Vice,' also lensed 'Die Hard 2' and 'Talladega Nights' and earned a BAFTA nomination for 'The Bourne Ultimatum.'
Les mer »
Oliver Wood, Cinematographer of ‘The Bourne Identity’ and ‘Face/Off,’ Dies at 80Oliver Wood, an English cinematographer whose credits include “Die Hard 2,” “Face/Off,” “The Other Guys” and the original “Bourne” trilogy, died Mond…
Les mer »
Saskatoon city council preview: Snow removal, swale boundaries and elm wood disposalSaskatoon city council will meet Wednesday at City Hall, with decisions to make on borrowing to cover costs of a city-wide snow clear, setting boundaries for the Northeast Swale and how to handle elm wood at the city landfill. yxe
Les mer »