Charlie Munger Says “Value Investing” Is Bad Use of the Language

Spot on, and that is precisely the problem

There is no doubt that Charlie Munger, Buffett’s longtime business partner, is a straight shooter. He infamously called Bitcoin “rat poison.” He referred to crypto trading as “dementia,” and likened it to trading turds. He also called the entire Bitcoin development “disgusting and contrary to the interest of civilization.” If you are looking for more, his greatest hits are a delight to watch. 

You might wonder… Given how opinionated he is (just to be clear, this is a compliment; we are big fans of Munger), what does he think about value investing? Thanks to YouTube, we actually know.