Tesla at $1 trillion or Bitcoin at $50,000: Berkshire Hathaway's Charlie Munger doesn't know what's worse

in hive-116221 •  4 years ago 

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Warren Buffett's long-time friend and business partner and also Berkshire Hathaway Vice Chairman Charlie Munger recently came down heavily on the growing enterprise value of Elon Musk's electric vehicle company Tesla and Bitcoin price. Munger said that he doesn't know which is worse as he drew an analogy from the 18th century English writer Samuel Johnson's quote on deciding ‘order of precedency' between a flea and a louse. While Tesla's market cap stood at $709 billion as of Friday, Bitcoin's price was hovering near $57,700, as per CoinDesk, at the time of filing this report.


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4 years ago by

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