Investing
Berkshire’s Munger Says Now ‘Even Crazier’ Than Dotcom Bust
- Munger also said that he wished cryptocurrencies didn’t exist
- Investor urged Australia to help mend rift between China, U.S.
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Berkshire Hathaway Inc.’s Charlie Munger told a conference Friday that markets are wildly overvalued in places and that the current environment is “even crazier” than the dotcom boom of the late 1990s that subsequently led to a bust.
“I consider this era an even crazier era than the dotcom era,” Munger, 97, said at the Sohn conference in Sydney, The Australian Financial Review reported.