Warren Buffett’s deputy Charlie Munger says markets are crazier now than in the dotcom bubble – and he wouldn’t want a crypto fan to marry into his family

Posted by Harry Robertson, businessinsider.com

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  • Warren Buffett’s right-hand man Charlie Munger said markets are even crazier now than during the dotcom bubble.
  • “I wouldn’t want any one of them to marry into my family,” he said about people who invest in cryptocurrencies.
  • The Berkshire Hathaway exec said China is right to stamp down on bubbles and take a tough line on digital assets.

Warren Buffett’s deputy Charlie Munger has said markets are “even crazier” right now than they were during the dotcom bubble.

Munger blasted cryptocurrencies, and said those who invest in them are just thinking about themselves, according to the Australian Financial Review. He also labeled US millennials as “self-centered.”

The 97-year-old has been Buffett’s closest confidante for decades and is vice chairman of the sprawling Berkshire Hathaway conglomerate. He has a net worth of $2.2 billion, according to Forbes.

“The dotcom boom was crazier on the valuations even than we have now. But overall, I consider this era even crazier than the dotcom era,” he said in a Friday interview at the Sohn Hearts & Minds Investment Conference in Australia…read more.