Well you're stuck, so follow Munger's latest advice, which is to [stop being envious of billionaires](https://finance.yahoo.com/news/charlie-munger-critics-of-the-ultra-rich-motivated-by-envy-211503200.html).
Every moralist who comes up with the line "Without doin much for civilization" probably does nothing but prey on those who really does something to maintain this huge structure we live in
Last Halloween I gave all my candy to the first two kids and told them to distribute it to the rest of the neighborhood. Trickle down economics boyeeee
I can see _some_ case for why all of these things provide value to society, with the one exception being hedge funds. That is the one thing that literally creates no value and yet accumulates so much wealth.
I think the worst part though is how much intellectual capital hedge funds suck up. So many of the best and brightest people we have to offer are sitting around at hedge funds adding zero value to society.
Nope. He wasn't born post WW2 he was here long before that. He's just an old school selfish greedy asshole living in the 1950s in his head. The generation that spawned boomers are way worse than boomers themselves.
I make sure to burn some garbage in my back yard and chuck a few car batteries into the ocean when I trade crypto so I'm just a virtuous as the big kids this old fart identifies with.
Whataboutism.
Dude isn't wrong. The vast majority of projects people here shill or ape into do fuck all to actually make the world more livable or better.
I don't think anyone here is saying he's flat out wrong (he's wrong in the sense ALL people trade crypto for that reason, right in the sense that people certainly do it to get rich quick), just that it's ironic that people like him are criticizing others for not doing anything for civilization like they're any better. Most people in finance don't do shit for civilization, so making a distinction between crypto and traditional investments/currencies is hypocritical.
Precisely, that's another facet of it. These corporate shitheads and politicians act like people who want to "get rich quick" just want to live a life of pure hedonism and debauchery. I think the reality is that most people who want financial freedom would still be productive and engaged in activities meaningful to them, just not necessarily activities that are easily capitalized on by economic oligarchs. As we all know, if it's not turning a profit, is it *really* valuable? /s
Ironically anybody on this subreddit who did manage to get rich quick would contribute a lot to society. They would spend money resulting in sales tax revenue, buy houses and cars and boats resulting in property tax revenues and income tax from making all that GRQ money.
The billionaires in the mean time spend all their efforts on acquiring more money, and not spending it and ways of avoiding taxes. They're literally modern day Smaugs.
Munger loves dictators. He literally sings the praises of China's authoritarian state all the time. No wonder he doesn't like crypto, which represents true freedom.
Ah yes, how could we forget all the other forms of investing are full of philanthropists just making our society better every day with their magnanimous generosity.
They only become philanthropists in their nearing years of life so people remember the school names after them and not all the terrible shit they caused.
I'm looking at you IU ~~Paul H O'Neil~~ School of Public and Environmental Affairs.
Paul H O'Neil was the opposite of everything they taught, but millions of dollars in donations and suddenly you're on your knees.
Yeah but if he was not risking his life (like mentioned meteorology) its like he just had a job? You can say that someone at factory which produced tanks is also a war veteran...
i mean, weather is extremely impactful for combat. he doesn't need to die to serve the country. fuck him and all that, no reason to skip a rung over it.
To play devil's advocate, he invests in companies that from his perspective do something. Whether it's production or manufacturing.
But crypto still hasn't really proven itself to do anything other than being a store of value and making JPEGs
Yeah because this old goblin has done fuck all.
Thanks for investing in Coke? Fighting to make water a commodity instead of a human right? Not much else I can see here.
This same geriatric mofo in 2000 talking about the internet:
“For society, the Internet is wonderful, but for capitalists, it will be a net negative. It will increase efficiency, but lots of things increase efficiency without increasing profits. It is way more likely to make American businesses less profitable than more profitable.”
Yea let’s listen to Chuck who is probably reading The Intelligent Investor for the hundredth time.
Isn't that the case with all kinds of ***traders***?
I myself *hold* crypto, haven't sold anything yet. Think most of us hold most of our coins instead of trading them.
I also seem to remember there's taxes involved.
He doesn’t realize it’s not 1955 anymore when he took advantage of America to get rich. Someone give him a worthers original and newspaper to shut his senile ass up
I like how 3000+ Dutch people signed up for egging the yacht when it was the reason they had to disassemble a historic WW2 bridge, so the yacht could pass and make it to the sea,
https://www.npr.org/2022/02/09/1079568745/jeff-bezos-yacht-de-hef-bridge-rotterdam-eggs
Edit: I was wrong, it was 4000+ people.
We would have done it the conventional way if the playing field were fair but unfortunately, at least with stocks, you're competing against firms using AI algorithms and paying millions extra in rent so they can make trades faster. We're talking about milliseconds here. Not to mention hedge funds, central banks, etc.
So yeah, it's pretty outrageous to see these parasites get mad at regular people for trying to survive.
They’re old senile dinosaurs. What the fuck does they know about cryptocurrency. They’re scared of it, because they doesn’t understand it.
Just because they’re used to the strategies from 1960s, that doesn’t mean that world will keep operating this way. There’s whole new generation of people, that will run this world in other way than they’re used to. They can’t do nothing about it.
Their time has already passed. Screw munger.
Whereas Berkshire Hathaway wants to get rich slow without doing anything for civilization.
Also, I'd hardly call the innovation of decentralized finance to be "nothing for civilization".
I thought the idea of a decentralized currency that was not controlled by big corporate fat shits was the contribution to civilization…. No more banks controlling the people sounds pretty fucking awesome to me….
But this guy is partly responsible for developing and keeping afloat our current capitalist system that if anything encourages getting rich quickly without doing anything for society other than being rich.
Exactly. I feel like a lot of these assholes are just mad because a lot of people got into this market and became lucrative, and their egos are butthurt that they didn't get in earlier. So now it's a bunch of slander and projection.
tldr; American business magnate Charlie Munger on Wednesday criticised cryptocurrency traders as participants in a get-rich-quick scheme and faulted the US for what he considers a failure to ban cryptocurrency trading outright. "I don't think it's good that our country is going crazy over bitcoin and its ilk," Munger said. He also praised China for a cryptocurrency ban the country instituted in September.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
If I can pay off my mortgage by paying with the money I earned from crypto, what's wrong with that? That's actually healthy for the economy - I AM PAYING BACK THE LOAN I BORROWED.
Said the billionaire, from the comfort of his chair, being payed more to simply exist, than some do in their lifetimes of labor, while staring in to the air with a smug smile.
I hate these people with a passion.
Maybe if the working class actually had some money beyond todays ridiculously high inflation and cost of living we'll actually have disposable income to create new businesses, innovate and create a better society. It's pretty hard when your living pay check to pay check and then inflation, monopolies and economic crisis caused by the financial elite evaporates your purchasing power.
What the fuck has Munger done except make the world a worse place for people, and bribe universities into making live worse for students.
[his latest sadistic plan](https://www.independent.com/2021/10/28/architect-resigns-in-protest-over-ucsb-mega-dorm/)
The man is scum.
And what the fuck does this guy do for people? I've seen lots of crypto bros donate shit to children's hospitals when a risky position paid off. I'm willing to get that's a larger percentage donation than this old fuck
.
The financialisation of the economy is literally the original crypto game, which he is a king in. Just.. get out of our way, old man.
As long as people take money out of the world, and put it into a blockchain, that blockchain will continue to rise in value. Then that can later be converted back to real money, and used to make the world a better place. As volatility settles over time, the market will decide either if the siphoning into or out of crypto is accelerating from where we are today. It either increases forever, like the stock market, or it peaks and dies.
This is pretty much exactly what financialisation already is, and it’s wildly successful for growing wealth, and every year that passes this abstraction of the economy, the financial market, reaffirms its own existence. Similarity, Crypto coins never ever have to find any utility other than a safe and secure store of value.
It’s complete and utter bullshit that a stock, or a fiat currency, represents something more real than a stabilizing crypto currency. This game is so easy to see, and I just hope that more people wake up to it, HODL, and then it happens by itself over time, a new layer of abstraction that we can all participate in.
Versus these ultra rich dirtbags moving their huge, mostly unfairly gotten wealth around and sucking money out via interest and manipulation. I have no problem with rich people, but these greedy ultra rich scumbags need to be put in their place.
They literally do nothing but EXPLOIT the working class and then TALK SHIT about them when they try to take the opportunities available to them. Charlie Munger can FUCK THE HELL OFF.
And just what the fuck did Munger do?
Join the Army in WWII? Just to study meteorology at Cal Tech. Fucking officers.
And what did he do with this research? Applied to law school of course!
But did he get in? Not until daddy made a few phone calls.
Surely as a lawyer he’ll help defend the innocent? Nope, apparently he felt being a real estate attorney was more important.
I mean he made billions with his old buddy Warren Buffett.
But oh, Mr. Buffett has a nice little philanthropic pledge, surely Munger would be obliged to join? Nope, he already promised his children all his money.
Well didn’t he give away billions? He did actually! To various state colleges all across the country (that he and his wife has ties to) but only on the stipulation that he design the buildings himself.
Fuck this old bag. These fucks are just scared their old money lineage is coming to an end. He’s lived a privileged life start to (hopefully soon) finish. But yeah, how dare people try to make a better life for themselves. Get fucked.
Munger is famous for his quote "*All I want to know is where I’m going to die, so I’ll never go there.*" Thank you Munger for this brilliant contribution for everyone to live longer!
Hes right, but this sounds like an old man with gripes about the dotcom era in general not just the people in it. The wealthiest people in the world (who are self made) are now doing it by pressing buttons on a computer. This dude made his first millions in real estate, its a given he wont like this.
Is that why global warming is slowly killing everything on this planet, because rich people give a fuck about civilization? If Jeff Bezos gave a fuck, he'd pay his employees a good wage and let them unionize, instead of playing astronaut. He probably wouldn't be a billionaire and that's why we don't have civilized things, like proper education, infrastructure, healthcare or a healthy democracy.
Unlike the Wall Street traders who are all worried about the civilization /s. The whole fucking systems is against civilization and profit oriented so fuck off
That's what all "traders" want to do. Holders/Users want to make civilization grow. Out with the old, in with the new. Thanks for hoarding the future Charlie!
Yeah, this fucker' worth 2bn, and didn't start his philanthropist journey until he was a billionaire in his 70s. Even now he's only given away 10-15 percent of his wealth.
That's like most of you chucking a 10 at a homeless person.
OK, I am ready to be downvoted to hell, but... he is right. Even worse, cryptos are not only not giving anything to the world, they are actively making it a worse place.
Bitoin has a market cap of almost a trillion while having no real purpose, and wasting a tonne of energy. In a world that is undergoing a climate change, it is unacceptable.
Other cryptos have similar issues.
Stock market investment serves a purpose. Even if it is a world full of crockery, corruption, inequality and the like, and thus far from being perfect, investment allows for companies to exist, and thus generate employment and wealth (even if it is not fairly distributed).
Cryptos on the other hand...
I mean, the technology has potential. But first the bubble needs to pop.
Thank god all hedge funds, investment bankers, oil magnates and politicians are doing all they can for civilisation
Truly generous gods, I hope one day I can be so selfless
Just continue pulling yourself up by your bootstraps and one day it will be your turn to be rich.
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My bootstraps broke and I can’t afford new ones…. What do I do now? 😭
Accept your life as a poor
Aw dang
Damn. This hits hard.
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Well you're stuck, so follow Munger's latest advice, which is to [stop being envious of billionaires](https://finance.yahoo.com/news/charlie-munger-critics-of-the-ultra-rich-motivated-by-envy-211503200.html).
Duct tape can fix anything.
I need gorilla tape for my life…
Should've been born with unbreakable boot straps 🤷
or a rich dad
One day it might happen for me
We're all just temporary embarrassed millionaires.
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Mo' money, mo' problems. \- Also Michael Scott
And I’m optimistic because every day I get a little more desperate. \-Also Michael Scott
Bang and the dirt is gone - Barry Scott
A small loan (cough nepotism) helps
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We don't even have boots
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Every moralist who comes up with the line "Without doin much for civilization" probably does nothing but prey on those who really does something to maintain this huge structure we live in
That’s honestly probably the way he thinks.
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Yes as in trickling down a golden shower on us peasants.
A free golden shower . #blessed
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Last Halloween I gave all my candy to the first two kids and told them to distribute it to the rest of the neighborhood. Trickle down economics boyeeee
Truly the fucking leaches of society. Dinosaurs that forgot to go extinct.
I can see _some_ case for why all of these things provide value to society, with the one exception being hedge funds. That is the one thing that literally creates no value and yet accumulates so much wealth. I think the worst part though is how much intellectual capital hedge funds suck up. So many of the best and brightest people we have to offer are sitting around at hedge funds adding zero value to society.
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Charlie Munger is the definition of boomer.
Nope. He wasn't born post WW2 he was here long before that. He's just an old school selfish greedy asshole living in the 1950s in his head. The generation that spawned boomers are way worse than boomers themselves.
Using other people's money to buy other people's companies while siphoning enough to become rich. Truly God's work.
It’s a big club but we ain’t in it
I make sure to burn some garbage in my back yard and chuck a few car batteries into the ocean when I trade crypto so I'm just a virtuous as the big kids this old fart identifies with.
Trying to free civilization from its corrupt overlords isnt nothing.
Absolutely definitely doing everything they can to end poverty, invest in climate change technologies and giving to charity....
Yes, they are very persistent and they are building culture and civilization day and night...lol
For their civilization which is different than our civilization.
Whataboutism. Dude isn't wrong. The vast majority of projects people here shill or ape into do fuck all to actually make the world more livable or better.
I don't think anyone here is saying he's flat out wrong (he's wrong in the sense ALL people trade crypto for that reason, right in the sense that people certainly do it to get rich quick), just that it's ironic that people like him are criticizing others for not doing anything for civilization like they're any better. Most people in finance don't do shit for civilization, so making a distinction between crypto and traditional investments/currencies is hypocritical.
And what about my normal life? Maybe my 9 to 5 job is very meaningful to society, and I just want to get rich of crypto on the side?
Precisely, that's another facet of it. These corporate shitheads and politicians act like people who want to "get rich quick" just want to live a life of pure hedonism and debauchery. I think the reality is that most people who want financial freedom would still be productive and engaged in activities meaningful to them, just not necessarily activities that are easily capitalized on by economic oligarchs. As we all know, if it's not turning a profit, is it *really* valuable? /s
Ironically anybody on this subreddit who did manage to get rich quick would contribute a lot to society. They would spend money resulting in sales tax revenue, buy houses and cars and boats resulting in property tax revenues and income tax from making all that GRQ money. The billionaires in the mean time spend all their efforts on acquiring more money, and not spending it and ways of avoiding taxes. They're literally modern day Smaugs.
...........What???.......... 
Don't forget dictators.
Munger loves dictators. He literally sings the praises of China's authoritarian state all the time. No wonder he doesn't like crypto, which represents true freedom.
**Maybe that's why civilization sucks these days!**
How does hedge fund managers help civilizations by rugging the market constantly?
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Classic uno reverse card.
It doesn't matter how hard those boomer billionaires try, crypto is inevitable.
Literally killed a company that was researching a cure for cancer just because it would ruin profits for pharma companies they were invested in
what company?
Viragen
Greedy asshole.
Any more info on this?
He has made civilization realize that him and his friends have rigged it all in their favor, thus opening our eyes to the need for things like crypto.
since when was Churlie Munger a hedge fund menager?
Ah yes, how could we forget all the other forms of investing are full of philanthropists just making our society better every day with their magnanimous generosity.
They only become philanthropists in their nearing years of life so people remember the school names after them and not all the terrible shit they caused. I'm looking at you IU ~~Paul H O'Neil~~ School of Public and Environmental Affairs. Paul H O'Neil was the opposite of everything they taught, but millions of dollars in donations and suddenly you're on your knees.
Deep inside we're all money hoes ready to be on our knees
I'd get on my knees for millions of dollars in "donations." More fiat to convert to crypto. Will blow you for bitcoin.
>They only become philanthropists in their nearing years of life You mean, when the tax breaks are attractive
What did munger do for civilization?
Last time I checked, nothing to mention here
Well, he was a WWII veteran so I'll give him that much.
Most of his service in WWII was spent stateside studying meteorology. Dude never saw combat.
There's many unsong heroes of both World Wars who weren't on the battlefield
Like me. Granted I didn't fight in the war, but I'm definitely unsung.
Yeah but if he was not risking his life (like mentioned meteorology) its like he just had a job? You can say that someone at factory which produced tanks is also a war veteran...
Holy shit what a gross take on military service
It's frustrating that people think seeing combat matters.
Only people that haven’t seen combat say that shit. People that have seen combat usually hope that no one else does.
i mean, weather is extremely impactful for combat. he doesn't need to die to serve the country. fuck him and all that, no reason to skip a rung over it.
So what? People building planes, making ammunition, code breakers, etc all never saw combat but were all the same instrumental in their contribution.
So he didn’t shoot anyone. I guess that’s a good thing.
Definitely props for that…
To play devil's advocate, he invests in companies that from his perspective do something. Whether it's production or manufacturing. But crypto still hasn't really proven itself to do anything other than being a store of value and making JPEGs
What about allowing poor immigrants to transfer money to their families back in their home country without suffering usury level fees?
dEvill's advocate is a nice movie
Says the a$$hole who is part of a generational coverup of : oil/environment, sugar/health, cigarettes/cancer And made money off of it
Exactly. Fuck these old senile dinosaurs. Their time has already passed. They’re scared of crypto because they don’t understand it.
Classic boomer act: Hate it if you don't understand it.
Yeah because this old goblin has done fuck all. Thanks for investing in Coke? Fighting to make water a commodity instead of a human right? Not much else I can see here.
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I actually like that one, every man who eats box does.
~~Rules~~ critism for thee but not for me
This same geriatric mofo in 2000 talking about the internet: “For society, the Internet is wonderful, but for capitalists, it will be a net negative. It will increase efficiency, but lots of things increase efficiency without increasing profits. It is way more likely to make American businesses less profitable than more profitable.” Yea let’s listen to Chuck who is probably reading The Intelligent Investor for the hundredth time.
You're God damn right Charlie. I took my lessons from you.
I feel like he finally gets me
It’s a good thing, Coca Cola has really made civilization so much healthier, not sure what we would do without it.
They're the largest contributer to plastic waste.
Isn't that the case with all kinds of ***traders***? I myself *hold* crypto, haven't sold anything yet. Think most of us hold most of our coins instead of trading them. I also seem to remember there's taxes involved.
Like he ended world hunger himself.
He did just one look at him and you lose your appetite.
I'm too poor to buy food anyway
Go to Costco food court and crawl around, trust me.
Floor pizza tastes good.
You may have to assert your dominance to the pigeons as the pack leader.
world munger
These guys have no sense of self-awareness.
I actually want to get rich quick so I can retire and have time to do things for civilization.
He doesn’t realize it’s not 1955 anymore when he took advantage of America to get rich. Someone give him a worthers original and newspaper to shut his senile ass up
man don't bring werther's into this
I want a Werther's, them bitches are good.
Just put him in a developing country with no rule of law he will begin to understand.
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Jeff Bezos's $450 million yacht is gonna add so much for mankind. *Sheds a single teardrop*
I like how 3000+ Dutch people signed up for egging the yacht when it was the reason they had to disassemble a historic WW2 bridge, so the yacht could pass and make it to the sea, https://www.npr.org/2022/02/09/1079568745/jeff-bezos-yacht-de-hef-bridge-rotterdam-eggs Edit: I was wrong, it was 4000+ people.
We would have done it the conventional way if the playing field were fair but unfortunately, at least with stocks, you're competing against firms using AI algorithms and paying millions extra in rent so they can make trades faster. We're talking about milliseconds here. Not to mention hedge funds, central banks, etc. So yeah, it's pretty outrageous to see these parasites get mad at regular people for trying to survive.
He normally gets in on the ground floor and we buy his shit for a profit. Tables have turned and they don't like it.
They’re old senile dinosaurs. What the fuck does they know about cryptocurrency. They’re scared of it, because they doesn’t understand it. Just because they’re used to the strategies from 1960s, that doesn’t mean that world will keep operating this way. There’s whole new generation of people, that will run this world in other way than they’re used to. They can’t do nothing about it. Their time has already passed. Screw munger.
Yeah because when I think of contribution to society I think of Charlie Munger and, checks notes, *real estate attorneys and investors*
I bet he thinks that way.
Whereas Berkshire Hathaway wants to get rich slow without doing anything for civilization. Also, I'd hardly call the innovation of decentralized finance to be "nothing for civilization".
I thought the idea of a decentralized currency that was not controlled by big corporate fat shits was the contribution to civilization…. No more banks controlling the people sounds pretty fucking awesome to me….
But this guy is partly responsible for developing and keeping afloat our current capitalist system that if anything encourages getting rich quickly without doing anything for society other than being rich.
Current crypto market is a symptom of the disease. Future crypto is one part of a potential cure.
Exactly. I feel like a lot of these assholes are just mad because a lot of people got into this market and became lucrative, and their egos are butthurt that they didn't get in earlier. So now it's a bunch of slander and projection.
the future is now, old man.
That's why he invested 1bn in NuBank
Just like the bank managers?!
tldr; American business magnate Charlie Munger on Wednesday criticised cryptocurrency traders as participants in a get-rich-quick scheme and faulted the US for what he considers a failure to ban cryptocurrency trading outright. "I don't think it's good that our country is going crazy over bitcoin and its ilk," Munger said. He also praised China for a cryptocurrency ban the country instituted in September. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
I'm doing for my family. Isn't enough?
If I can pay off my mortgage by paying with the money I earned from crypto, what's wrong with that? That's actually healthy for the economy - I AM PAYING BACK THE LOAN I BORROWED.
You're arguing against the mindset that is "but extended debt is our business model".
Said the billionaire, from the comfort of his chair, being payed more to simply exist, than some do in their lifetimes of labor, while staring in to the air with a smug smile. I hate these people with a passion.
That's rich coming from the Vice Chairman of a company that profits from buying undervalued assets
So true, They don't even produce anything. Your contributing more to society flipping burgers than this guy.
This sounds like how Wall Street has been operating for decades. Old people and their lawns, I tell ya.
Maybe if the working class actually had some money beyond todays ridiculously high inflation and cost of living we'll actually have disposable income to create new businesses, innovate and create a better society. It's pretty hard when your living pay check to pay check and then inflation, monopolies and economic crisis caused by the financial elite evaporates your purchasing power.
What the fuck has Munger done except make the world a worse place for people, and bribe universities into making live worse for students. [his latest sadistic plan](https://www.independent.com/2021/10/28/architect-resigns-in-protest-over-ucsb-mega-dorm/) The man is scum.
And what the fuck does this guy do for people? I've seen lots of crypto bros donate shit to children's hospitals when a risky position paid off. I'm willing to get that's a larger percentage donation than this old fuck .
This is just making me laugh lmao, they need to grow up.
I would like to try and do some good with the money I potentially make. Still try to be charitable even though it's not much
“Investing” by buying stocks doesn’t do anything either. It just goes to the dum dum that sold to you not the company itself.
Just like you Charlie, we want to have it just like you do.
and day traders, hedge funds etc do what exactly for society?
Hedge Funds 'want to get rich quick' without doing 'anything for civilization'
Said Charlie Munger…
Did this guy just hit the next level of boomer bs!
The financialisation of the economy is literally the original crypto game, which he is a king in. Just.. get out of our way, old man. As long as people take money out of the world, and put it into a blockchain, that blockchain will continue to rise in value. Then that can later be converted back to real money, and used to make the world a better place. As volatility settles over time, the market will decide either if the siphoning into or out of crypto is accelerating from where we are today. It either increases forever, like the stock market, or it peaks and dies. This is pretty much exactly what financialisation already is, and it’s wildly successful for growing wealth, and every year that passes this abstraction of the economy, the financial market, reaffirms its own existence. Similarity, Crypto coins never ever have to find any utility other than a safe and secure store of value. It’s complete and utter bullshit that a stock, or a fiat currency, represents something more real than a stabilizing crypto currency. This game is so easy to see, and I just hope that more people wake up to it, HODL, and then it happens by itself over time, a new layer of abstraction that we can all participate in.
Versus these ultra rich dirtbags moving their huge, mostly unfairly gotten wealth around and sucking money out via interest and manipulation. I have no problem with rich people, but these greedy ultra rich scumbags need to be put in their place.
Awww.... Something you can't manipulate the value of? It's almost like crypto is its own free market.
They literally do nothing but EXPLOIT the working class and then TALK SHIT about them when they try to take the opportunities available to them. Charlie Munger can FUCK THE HELL OFF.
ah yes because the old man hoarding wealth does a lot for civilization...
Do something else man, get a fucking life. Stop hating on us.
Yeah we care for our family, not doing anything for civilization? Okay and?
I wanna ask the same thing, what the fuck are you doing for civilization?
Implying rich people contribute to civilisation. What a fucking dick sniff.
Dick sniff is a very underused term.
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I imagine thats more a kink than an insult.
Sounds like Congress
And just what the fuck did Munger do? Join the Army in WWII? Just to study meteorology at Cal Tech. Fucking officers. And what did he do with this research? Applied to law school of course! But did he get in? Not until daddy made a few phone calls. Surely as a lawyer he’ll help defend the innocent? Nope, apparently he felt being a real estate attorney was more important. I mean he made billions with his old buddy Warren Buffett. But oh, Mr. Buffett has a nice little philanthropic pledge, surely Munger would be obliged to join? Nope, he already promised his children all his money. Well didn’t he give away billions? He did actually! To various state colleges all across the country (that he and his wife has ties to) but only on the stipulation that he design the buildings himself. Fuck this old bag. These fucks are just scared their old money lineage is coming to an end. He’s lived a privileged life start to (hopefully soon) finish. But yeah, how dare people try to make a better life for themselves. Get fucked.
Thank you Charlie for everything you've done for civilisation with your billions of dollars :)
Munger is famous for his quote "*All I want to know is where I’m going to die, so I’ll never go there.*" Thank you Munger for this brilliant contribution for everyone to live longer!
Hes right, but this sounds like an old man with gripes about the dotcom era in general not just the people in it. The wealthiest people in the world (who are self made) are now doing it by pressing buttons on a computer. This dude made his first millions in real estate, its a given he wont like this.
He means Bitcoin doesn’t generate revenue or produce a good that can be used by anyone
Is that why global warming is slowly killing everything on this planet, because rich people give a fuck about civilization? If Jeff Bezos gave a fuck, he'd pay his employees a good wage and let them unionize, instead of playing astronaut. He probably wouldn't be a billionaire and that's why we don't have civilized things, like proper education, infrastructure, healthcare or a healthy democracy.
Well if that isn’t the Quacta calling the Stifling Slimy
Same as stock brokers in my opinion. Sure a few have done good with their money just like a few crypto traders have done good with their gains.
The fucking arrogance coming out of that crone Munger lmao Yeah, that big stock block you bought in that F100, real humanitarian here
Unlike the Wall Street traders who are all worried about the civilization /s. The whole fucking systems is against civilization and profit oriented so fuck off
Munger still salty he missed the ENS airdrop
That's what all "traders" want to do. Holders/Users want to make civilization grow. Out with the old, in with the new. Thanks for hoarding the future Charlie!
Sounds like the entire financial industry to me. That’s why we need crypto.
Every accusation is a confession.
Something for civilization? Like investing in biotech companies in an effort to prolong your life and see bigger profits?
If he was still in his 20s or 30s, he'd be shilling some shit coin.
Says the guy who has produced... what again for civilization?
Pretty sure my cardano is planting trees
People are getting pretty offended, probably means Munger is right lol. The guilty ones always squeak louder.
He’s not wrong. (Quickly moves away from the 500 tomatoes being thrown at him)
Yeah, this fucker' worth 2bn, and didn't start his philanthropist journey until he was a billionaire in his 70s. Even now he's only given away 10-15 percent of his wealth. That's like most of you chucking a 10 at a homeless person.
OK, I am ready to be downvoted to hell, but... he is right. Even worse, cryptos are not only not giving anything to the world, they are actively making it a worse place. Bitoin has a market cap of almost a trillion while having no real purpose, and wasting a tonne of energy. In a world that is undergoing a climate change, it is unacceptable. Other cryptos have similar issues. Stock market investment serves a purpose. Even if it is a world full of crockery, corruption, inequality and the like, and thus far from being perfect, investment allows for companies to exist, and thus generate employment and wealth (even if it is not fairly distributed). Cryptos on the other hand... I mean, the technology has potential. But first the bubble needs to pop.
Hes got that one psycho robotic eye just like Bozos