So salty-To The Moon - Tiger Brokers Online Investing Community - To The Moon

Like
1
Favorite

yamehyameh
2021-02-25

So salty

UPDATE 1-Charlie Munger warns of market excesses, frowns on gambling mentality and bitcoin

(Adds additional comments from Munger) By Jonathan Stempel Feb 24 (Reuters) - Charlie Munger, th

UPDATE 1-Charlie Munger warns of market excesses, frowns on gambling mentality and bitcoin

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Like

Report

Comment（1）

Top
Latest

yamehyameh
·2021-02-25
It’s really stupid to have sold airlines at the absolute bottom too
Reply
Like
Report

Most Discussed

Terms and Conditions·Privacy Policy

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email：uservice@ttm.financial

{"i18n":{"language":"en_US"},"data":{"magic":2,"id":361970744,"tweetId":"361970744","gmtCreate":1614195650888,"gmtModify":1704889403338,"author":{"id":3572479202521048,"idStr":"3572479202521048","authorId":3572479202521048,"authorIdStr":"3572479202521048","name":"yamehyameh","avatar":"https://static.tigerbbs.com/b5de4272524458e6978f0edcc187aab0","vip":1,"userType":1,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":8,"crmLevelSwitch":0,"currentWearingBadge":{"badgeId":"44212b71d0be4ec88898348dbe882e03-3","templateUuid":"44212b71d0be4ec88898348dbe882e03","name":"President Tiger","description":"The transaction amount of the securities account reaches $1,000,000","bigImgUrl":"https://static.tigerbbs.com/fbeac6bb240db7da8b972e5183d050ba","smallImgUrl":"https://static.tigerbbs.com/436cdf80292b99f0a992e78750ac4e3a","grayImgUrl":"https://static.tigerbbs.com/506a259a7b456f037592c3b23c779599","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2024.06.21","exceedPercentage":"93.06%","individualDisplayEnabled":0},"individualDisplayBadges":[],"fanSize":2,"starInvestorFlag":false},"themes":[],"images":[],"coverImages":[],"extraTitle":"","html":"<html><head></head><body><p>So salty</p></body></html>","htmlText":"<html><head></head><body><p>So salty</p></body></html>","text":"So salty","highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/361970744","repostId":2114959973,"repostType":2,"repost":{"id":"2114959973","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1614194121,"share":"https://www.laohu8.com/m/news/2114959973?lang=&edition=full","pubTime":"2021-02-25 03:15","market":"us","language":"en","title":"UPDATE 1-Charlie Munger warns of market excesses, frowns on gambling mentality and bitcoin","url":"https://stock-news.laohu8.com/highlight/detail?id=2114959973","media":"Reuters","summary":"(Adds additional comments from Munger)   By Jonathan Stempel   Feb 24 (Reuters) - Charlie Munger, th","content":"<html><body><p>(Adds additional comments from Munger)</p><p>   By Jonathan Stempel</p><p>   Feb 24 (Reuters) - Charlie Munger, the longtime business partner of Warren Buffett, on Wednesday suggested the stock market environment bears signs of a bubble, reflecting a \"dangerous\" mentality among some investors to gamble on stocks as they would horse races.</p><p>   Munger, 97, was speaking at the annual meeting of Daily Journal Corp   , the Los Angeles newspaper publishing company he chairs.</p><p>   He remains better known for his work at Buffett's conglomerate Berkshire Hathaway Inc   , where he has been vice chairman since 1978. The Daily Journal meeting was webcast on Yahoo Finance.</p><p>   Munger said the recent surge in the share price of GameStop Corp   , which left some hedge funds caught in a short squeeze because they bet on a decline, reflected a horse-racing mentality toward stocks.</p><p>   \"It's really stupid to have a culture\" encouraging such gambling in stocks, calling the frenzied buying of stocks only because prices are rising \"a very dangerous way to invest.\"</p><p>   Asked if the market now might suffer the same fate as the technology bubble from the late 1990s, Munger said: \"Yes, I think it must end badly, but I don't know when.\"</p><p>   Munger also addressed other topics, including the surging interest in bitcoin, which he would not own.</p><p>   \"I don't think bitcoin is going to end up as the medium of exchange for the world\" because it's too volatile, Munger said.</p><p>   He paraphrased the author Oscar Wilde's quotation about fox hunting to describe bitcoin, calling it \"the pursuit of the uneatable by the unspeakable.\"</p><p>   Berkshire is expected on Saturday to release its fourth-quarter and year-end results, and Buffett's widely read annual shareholder letter.    </p><p> (Reporting by Jonathan Stempel in New York; Editing by Chizu Nomiyama and Richard Chang)</p><p>((jon.stempel@thomsonreuters.com; +1 646 223 6317; Reuters Messaging: jon.stempel.thomsonreuters.com@reuters.net))</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>UPDATE 1-Charlie Munger warns of market excesses, frowns on gambling mentality and bitcoin</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUPDATE 1-Charlie Munger warns of market excesses, frowns on gambling mentality and bitcoin\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-02-25 03:15</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p>(Adds additional comments from Munger)</p><p>   By Jonathan Stempel</p><p>   Feb 24 (Reuters) - Charlie Munger, the longtime business partner of Warren Buffett, on Wednesday suggested the stock market environment bears signs of a bubble, reflecting a \"dangerous\" mentality among some investors to gamble on stocks as they would horse races.</p><p>   Munger, 97, was speaking at the annual meeting of Daily Journal Corp   , the Los Angeles newspaper publishing company he chairs.</p><p>   He remains better known for his work at Buffett's conglomerate Berkshire Hathaway Inc   , where he has been vice chairman since 1978. The Daily Journal meeting was webcast on Yahoo Finance.</p><p>   Munger said the recent surge in the share price of GameStop Corp   , which left some hedge funds caught in a short squeeze because they bet on a decline, reflected a horse-racing mentality toward stocks.</p><p>   \"It's really stupid to have a culture\" encouraging such gambling in stocks, calling the frenzied buying of stocks only because prices are rising \"a very dangerous way to invest.\"</p><p>   Asked if the market now might suffer the same fate as the technology bubble from the late 1990s, Munger said: \"Yes, I think it must end badly, but I don't know when.\"</p><p>   Munger also addressed other topics, including the surging interest in bitcoin, which he would not own.</p><p>   \"I don't think bitcoin is going to end up as the medium of exchange for the world\" because it's too volatile, Munger said.</p><p>   He paraphrased the author Oscar Wilde's quotation about fox hunting to describe bitcoin, calling it \"the pursuit of the uneatable by the unspeakable.\"</p><p>   Berkshire is expected on Saturday to release its fourth-quarter and year-end results, and Buffett's widely read annual shareholder letter.    </p><p> (Reporting by Jonathan Stempel in New York; Editing by Chizu Nomiyama and Richard Chang)</p><p>((jon.stempel@thomsonreuters.com; +1 646 223 6317; Reuters Messaging: jon.stempel.thomsonreuters.com@reuters.net))</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BRK.A":"伯克希尔","DJCO":"每日期刊","GME":"游戏驿站","BRK.B":"伯克希尔B"},"source_url":"http://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2114959973","content_text":"(Adds additional comments from Munger)   By Jonathan Stempel   Feb 24 (Reuters) - Charlie Munger, the longtime business partner of Warren Buffett, on Wednesday suggested the stock market environment bears signs of a bubble, reflecting a \"dangerous\" mentality among some investors to gamble on stocks as they would horse races.   Munger, 97, was speaking at the annual meeting of Daily Journal Corp   , the Los Angeles newspaper publishing company he chairs.   He remains better known for his work at Buffett's conglomerate Berkshire Hathaway Inc   , where he has been vice chairman since 1978. The Daily Journal meeting was webcast on Yahoo Finance.   Munger said the recent surge in the share price of GameStop Corp   , which left some hedge funds caught in a short squeeze because they bet on a decline, reflected a horse-racing mentality toward stocks.   \"It's really stupid to have a culture\" encouraging such gambling in stocks, calling the frenzied buying of stocks only because prices are rising \"a very dangerous way to invest.\"   Asked if the market now might suffer the same fate as the technology bubble from the late 1990s, Munger said: \"Yes, I think it must end badly, but I don't know when.\"   Munger also addressed other topics, including the surging interest in bitcoin, which he would not own.   \"I don't think bitcoin is going to end up as the medium of exchange for the world\" because it's too volatile, Munger said.   He paraphrased the author Oscar Wilde's quotation about fox hunting to describe bitcoin, calling it \"the pursuit of the uneatable by the unspeakable.\"   Berkshire is expected on Saturday to release its fourth-quarter and year-end results, and Buffett's widely read annual shareholder letter.     (Reporting by Jonathan Stempel in New York; Editing by Chizu Nomiyama and Richard Chang)((jon.stempel@thomsonreuters.com; +1 646 223 6317; Reuters Messaging: jon.stempel.thomsonreuters.com@reuters.net))","news_type":1},"isVote":1,"tweetType":1,"viewCount":219,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":7,"xxTargetLangEnum":"ORIG"},"commentList":[{"id":3653953,"commentId":"3653953","gmtCreate":1614195740992,"gmtModify":1680778206882,"authorId":3572479202521048,"author":{"id":3572479202521048,"idStr":"3572479202521048","authorId":3572479202521048,"name":"yamehyameh","avatar":"https://static.tigerbbs.com/b5de4272524458e6978f0edcc187aab0","vip":1,"currentWearingBadge":{"badgeId":"44212b71d0be4ec88898348dbe882e03-3","templateUuid":"44212b71d0be4ec88898348dbe882e03","name":"President Tiger","description":"The transaction amount of the securities account reaches $1,000,000","bigImgUrl":"https://static.tigerbbs.com/fbeac6bb240db7da8b972e5183d050ba","smallImgUrl":"https://static.tigerbbs.com/436cdf80292b99f0a992e78750ac4e3a","grayImgUrl":"https://static.tigerbbs.com/506a259a7b456f037592c3b23c779599","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2024.06.21","exceedPercentage":"93.06%","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1101},"crmLevel":8,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":361970744,"objectIdStr":"361970744","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"It’s really stupid to have sold airlines at the absolute bottom too  ","text":"It’s really stupid to have sold airlines at the absolute bottom too  ","html":"It’s really stupid to have sold airlines at the absolute bottom too  ","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0}],"hasMoreComment":true,"orderType":2}