Charlie Munger, vice chairman of Berkshire Hathaway and Warren Buffett's longtime business partner, on Wednesday dismissed the rocketing share price of Tesla and the recent bitcoin frenzy.
During an interview at the Daily Journal's annual shareholder's meeting, Munger was asked whether he thought it was crazier for bitcoin to hit $50,000 or for Tesla to reach a $1 trillion fully diluted enterprise value, he said: "Well I have the same difficulty that Samuel Johnson once had when he got a similar question, he said, 'I can't decide the order of precedency between a flea and a louse,' and I feel the same way about those choices. I don't know which is worse."
During an interview at the Daily Journal's annual shareholder's meeting, Munger was asked whether he thought it was crazier for bitcoin to hit $50,000 or for Tesla to reach a $1 trillion fully diluted enterprise value, he said: "Well I have the same difficulty that Samuel Johnson once had when he got a similar question, he said, 'I can't decide the order of precedency between a flea and a louse,' and I feel the same way about those choices. I don't know which is worse."
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