Author Topic: Munger talk (published dec 20, 2017)  (Read 5216 times)

sjh

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Re: Munger talk (published dec 20, 2017)
« Reply #10 on: December 24, 2017, 02:31:10 PM »
The main value in bitcoin is the network effect that is evolving around it. The more people own it and the more applications are built for it the stronger its moat will get (e.g. the bitcoin lightning network to lower transaction costs and enable the usage for micro transactions - hopefully going live in q2 2018).

I think Charlie Munger is being a bit ignorant here. There are definitely arguments against bitcoin and other cryptocurrencies but dismissing it all as rat poison just reveals that he didn't read much about it.


rb

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Re: Munger talk (published dec 20, 2017)
« Reply #11 on: December 24, 2017, 02:37:40 PM »
Guys I'm really not trying to be a dick but please can we at least keep this thread bitcoin free.

augustabound

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Re: Munger talk (published dec 20, 2017)
« Reply #12 on: December 24, 2017, 04:47:52 PM »
Guys I'm really not trying to be a dick but please can we at least keep this thread bitcoin free.
I haven't watched the talk. Did Munger talk about it in the linked video?
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CorpRaider

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Re: Munger talk (published dec 20, 2017)
« Reply #13 on: December 24, 2017, 06:27:07 PM »
Yeah, briefly.

bci23

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Re: Munger talk (published dec 20, 2017)
« Reply #14 on: December 26, 2017, 10:43:01 AM »
Some people (not in this thread but elsewhere) saying Munger is being ignorant in his comments on bitcoin. Reminds me of when everyone thought he was misguided in calling VRX a "sewer" or that "Valeant is like ITT and Harold Geneen come back to life, only the guy is worse this time." He was saying this when everyone was drinking the VRX cool-aid. Now everyone is drinking the bitcoin cool-aid and here we are.

whiterose

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Re: Munger talk (published dec 20, 2017)
« Reply #15 on: December 27, 2017, 03:24:04 PM »
But this time it's different.

kiwing100

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Re: Munger talk (published dec 20, 2017)
« Reply #16 on: December 29, 2017, 02:46:36 AM »

Liberty,

Thank you very much for sharing this.


Liberty

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Re: Munger talk (published dec 20, 2017)
« Reply #17 on: January 02, 2018, 01:47:56 PM »

Liberty,

Thank you very much for sharing this.

You're welcome!
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globalfinancepartners

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Re: Munger talk (published dec 20, 2017)
« Reply #18 on: January 02, 2018, 02:00:40 PM »
And thanks to dcollon, who earlier shared the Munger talk with COBF
http://www.cornerofberkshireandfairfax.ca/forum/berkshire-hathaway/buffett-news/msg318835/#msg318835

JayGatsby

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Re: Munger talk (published dec 20, 2017)
« Reply #19 on: January 02, 2018, 07:13:14 PM »
Thanks for this. Really liked the "I never meant to be rich, I just wanted to be independent. I just overshot" (or something along those lines. Think a lot of people get that backwards.