(Dec 3): Berkshire Hathaway Inc’s Charlie Munger told a conference on Friday (Dec 3) that markets are wildly overvalued in places and that the current environment is “even crazier” than the dot-com boom of the late 1990s that subsequently led to a bust. “I consider this era an even crazier era than the dot-com era,” Munger, 97, said at the Sohn Conference in Sydney, The Australian Financial Review (AFR) reported. Munger also said that he wished cryptocurrencies didn’t exist, and praised China for taking action to ban their use, according to the AFR. “I think Australia with its deep involvement in China can be in a constructive position. “I think that’s a smart thing for the world to be doing and it would be smart even if there is no global warming.”

Source: The Edge Markets December 03, 2021 11:21 UTC