U.S. markets open in 2 hours 58 minutes
  • S&P Futures

    4,134.00
    +9.50 (+0.23%)
     
  • Dow Futures

    32,807.00
    +70.00 (+0.21%)
     
  • Nasdaq Futures

    13,063.50
    +32.00 (+0.25%)
     
  • Russell 2000 Futures

    1,918.20
    +3.60 (+0.19%)
     
  • Crude Oil

    89.57
    -0.93 (-1.03%)
     
  • Gold

    1,810.00
    -2.30 (-0.13%)
     
  • Silver

    20.45
    -0.03 (-0.16%)
     
  • EUR/USD

    1.0229
    +0.0011 (+0.11%)
     
  • 10-Yr Bond

    2.7970
    0.0000 (0.00%)
     
  • Vix

    22.18
    +0.89 (+4.18%)
     
  • GBP/USD

    1.2091
    +0.0015 (+0.12%)
     
  • USD/JPY

    134.9610
    -0.1550 (-0.11%)
     
  • BTC-USD

    23,068.63
    -366.33 (-1.56%)
     
  • CMC Crypto 200

    536.37
    -20.98 (-3.76%)
     
  • FTSE 100

    7,492.19
    +4.04 (+0.05%)
     
  • Nikkei 225

    27,819.33
    -180.63 (-0.65%)
     

‘The investment banking profession will sell ‘sh*t’ as long as ‘sh*t’ can be sold:’ Charlie Munger on SPACs

Charlie Munger, Daily Journal Chairman and Berkshire Hathaway Vice Chairman, comments on the recent short squeeze frenzy.

Video Transcript

CHARLIE MUNGER: Well, I don't participate at all. And I think the world would be better off without them. I think this kind of crazy speculation-- and enterprise is not even found or picked out yet-- is a sign of an irritating bubble. It's just that the investment banking profession will sell shit as long as shit can be sold.