Personal Finance
What Warren Buffett’s Right-Hand Man Says About Bitcoin, Robinhood, and the Stock Market
By Seedly  •  February 26, 2021
Charlie Munger, Warren Buffett’s partner at Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B), has influenced the latter a great deal. Thanks to Munger, Buffett transitioned from buying unusually cheap stocks of companies that don’t necessarily have strong business prospects (called “cigar butts”) to buying wonderful companies that may not trade cheaply.  Just over a day back, at Daily Journal Corporation‘s (NASDAQ: DJCO) annual general meeting (AGM), Munger spoke at lengths about the stock market, Bitcoin, and commission-free trading broker Robinhood.  Munger is the chairman of the newspaper publisher that’s based in California, United States. With that, here are some interesting quotes uttered by the wise man who’s almost a century old (italics are used to emphasise key points when quoting Munger). On Market Behaviour and Psychology Someone asked about the broad stock market frenzy and the psychological implications of this type of market behaviour. The person also asked what investors can do...
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By Seedly
Launched in 2016, Seedly helps users make smarter financial decisions with its budgeting app which allows its 40,000 users to sync up their financial accounts and better manage their cash-flow. Last year, we introduced a new community feature which allows users to crowdsource knowledge from peers before making a financial decision.
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