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CNBC/Fred Imbert/2-12-2020
“Charlie Munger, vice chairman of Berkshire Hathaway and Warren Buffett’s longtime business partner, issued a dire warning about the future on Wednesday. ‘I think there are lots of troubles coming,’ he said at the Los Angeles-based Daily Journal annual shareholders meeting. “There’s too much wretched excess.’”
USAGOLD note: Whenever the pendulum swings too far, old hands like Charlie Munger begin to get nervous and rightly so. They understand all too well what can happen when it ultimately swings in the other direction.