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Munger Says Crypto Is Rife With Fraud and Delusion and Praises Tesla's Success a "Minor Miracle"

Markets Insider2022-11-15

Charlie Munger ripped into cryptocurrencies, saying fraud and delusion are common in the industry.Regulators overlooked crypto's risks and should have banned it, Warren Buffett's business partner said...

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  • 吉慶
    ·2022-11-16
    Short and useful article. 
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  • HelloKitty55
    ·2022-11-16
    Ok
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  • RW52
    ·2022-11-16
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  • jllwang
    ·2022-11-16
    Well said
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  • K74
    ·2022-11-16
    Yeah
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    • K74
      Haha
      2022-11-16
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    • K74
      Ha
      2022-11-16
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    • K74
      Usd58
      2022-11-16
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  • robot1234
    ·2022-11-16
    From $32 billion to criminal investigations: How Sam Bankman-Fried’s empire vanished overnight. Here’s how the biggest collapse in crypto history went down. The year was 2017, and the ex-Jane Street Capital quant trader noticed something funny when he looked at the page on CoinMarketCap.com listing the price of bitcoin  on exchanges around the world. Today, that price is pretty much uniform across the exchanges, but back then, Bankman-Fried previously told CNBC that he would sometimes see a 60% difference in the value of the coin. His immediate instinct, he says, was to get in on the arbitrage trade — buying bitcoin on one exchange, selling it back on another exchange, and then earning a profit equivalent to the price spread. “That’s the lowest hanging fruit,” Bankman-Fried said in Se
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    • robot1234
      Gemini, BlockFi, Genesis announcing new restrictions as FTX contagion spreads
      2022-11-17
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    • HelloKitty55
      ok
      2022-11-16
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    • nautiann
      ok
      2022-11-16
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  • Booooooooooo
    ·2022-11-16
    K
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  • KLC
    ·2022-11-16
    Good 
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  • 88wlam88
    ·2022-11-16
    Fantastic comment on US-China!
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    • KLC
      👍
      2022-11-16
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  • ALi_BaBa
    ·2022-11-16
    Like 
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  • TaiWoeiHaur
    ·2022-11-16
    👋 
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      Lik e
      2022-11-16
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  • Huatster
    ·2022-11-16
    Good
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  • andrew123
    ·2022-11-16
    Like
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    • Huatster
      good
      2022-11-16
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  • 天天有錢賺
    ·2022-11-16
    Ok
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  • UTOtrader
    ·2022-11-16
    T
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    • nanehz07
      ok
      2022-11-16
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  • qstocks
    ·2022-11-16
    like
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    • andrew123
      done.like back
      2022-11-16
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    • PTKH
      Ok
      2022-11-16
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      ok
      2022-11-16
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  • qstocks
    ·2022-11-16
    like
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  • PeterLim007
    ·2022-11-16
    Please give a like 👍. Thank you 🙏 
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    • andrew123
      done.like back
      2022-11-16
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    • LifeLearner
      ok
      2022-11-16
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    • Remedy
      Ok
      2022-11-16
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  • sunflower19
    ·2022-11-16
    Ok
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    • Stoinkz
      ok
      2022-11-16
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      k
      2022-11-16
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      K
      2022-11-16
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  • Kaden0204
    ·2022-11-16
    Ok
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