That’s the last thing on Earth you should think about … There’s just a whole lot of things that aren’t going to work for you.
And DoubleLine Capital CEO Jeffrey Gundlach predicted on Dec. 13 if you bet against bitcoin that day “you’ll make money.”
The price of bitcoin declined 28 percent to below $12,000 Friday, according to Coinbase. Despite the sharp drop, the digital currency is still up about 1,100 percent this year.
Munger is one of the most celebrated investors in the world and was an essential partner in Buffett’s success. Before becoming vice chairman of Berkshire Hathaway, the billionaire had quite the track record himself.
From 1962 to 1975 Munger’s investment partnership generated 20 percent annual returns versus the S&P 500’s 5 percent.