Charlie Munger, the longtime business partner of Warren Buffett at Berkshire Hathaway Inc, on Wednesday (Feb 15) said China remains a top opportunity for investors despite geopolitical risks. Munger also doubled down on his recent Wall Street Journal editorial calling for the US government to follow China and ban cryptocurrency, saying 'people who oppose my position are idiots.' The 99-year-old...
Berkshire Hathaway Inc Vice Chairman Charles Munger speaks at the Daily Journal annual meeting in Los Angeles, US, on Feb 15, 2017.Charlie Munger, the longtime business partner of Warren Buffett at Berkshire Hathaway Inc, on Wednesday said China remains a top opportunity for investors despite geopolitical risks.
He is better known for his work at Berkshire, where he has since 1978 been a vice chairman and close collaborator with fellow billionaire Buffett, who is 92. Munger said that helps investors' prospects in China, because "you can buy better, stronger companies at cheaper valuations in China than you can in the United States."
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