At 98, Munger is as sharp as ever.
His recent 2-hour sharing at $DJCO was 🔥
Talked about $BABA, $COST, $ATVI, crypto, interest rates, envy, antitrust, the great resignation, growth vs value investing and MORE.
Here are my notes:
1. Let's get the white elephant out of the room and talk:
$BABA
Why invest in China? And why Alibaba?
To find out more about $BABA without going through 10 years of annual report, check out my deep-dive here.
More than 20,000 people have viewed it in 7
2. It's no secret that Munger has a contempt for crypto
While there are legitimate use cases (IMO), Munger hates the negative spillover it brings.
3. On whether there'll be a major interest rate increase
Japan managed to maintain low interest rates and reduce their debt without compromising their living standards.
But we're not sure if the U.S. can pull off the same trick.
Here's why: