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2022-02-17

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Charlie Munger Touts Apple and Alibaba, Slams Bitcoin at Daily Journal Annual Meeting

Investor Charlie Munger, is best-known as the No. 2 man at Warren Buffett's Berkshire Hathaway (NYSE

Charlie Munger Touts Apple and Alibaba, Slams Bitcoin at Daily Journal Annual Meeting

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But, Munger is a noted investor in his own right, as he serves as chairman and manager of Daily Journal&#39;s investment arm. </p><p>And, it was at Daily Journal&#39;s annual meeting, Wednesday, where Munger voiced his thoughts about a handful of trends and companies in the tech sector, in particular.</p><p>Among the topics Munger addressed were Apple (NASDAQ:AAPL), Microsoft (NASDAQ:MSFT) and Alphabet (NASDAQ:GOOG), which he said he expected to remain strong companies even 50 years from now.</p><p>GameStop (NYSE:GME) also received some commentary from Munger, who called the recent short squeeze in the videogame retailer&#39;s stock an example of &#34;wretched excess.&#34; Munger had similar feeling about cryptocurrencies, in general, calling Bitcoin (NYSEARCA:BTC), in particular &#34;rat poison&#34;.</p><p>Munger also said he was more comfortable about investing in China than his Berkshire (BRK.A) partner, Buffett, and that he didn&#39;t mind holding some margin debt in Chinese Internet and e-commerce giant Alibaba (NYSE:BABA). 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