Bitcoin is ‘rat poison,’ Berkshire’s Charlie Munger says
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Charlie Munger on Bitcoin: “Avoid It Like the Plague” In this blunt interview clip, Charlie Munger delivers a ruthless lesson on incentives, speculation, and why the promise of easy wealth almost always ends badly. Munger explains that when incentives are powerful enough, bad behavior is inevitable. Bubbles form. Bad ideas spread. People are lured into schemes that promise fast money without real work, real skill, or real productivity. That, Munger argues, is not just dangerous financially — it’
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