Charlie Munger: Bitcoin and others are trouble bubbles

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The Berkshire Hathaway vice-chairman shared his hilarious plan as he was questioned about how the company would handle a potential nuclear war. Charlie Munger, 98, said: “I know a guy that says if a nuclear war starts, I’m going to crawl under my kitchen table and kiss my ass goodbye.” He added: “Berkshire has no ability to save the world from nuclear war.”

Joining in the hilarious response, partner Warren Buffett added: “Charlie is in charge of our risk control.”

Mr Buffett, 91, who is Berkshire’s chairman and chief executive, and Mr Munger fielded questions in a downtown arena in Omaha, Nebraska.

Vice-Chairmen Greg Abel, Buffett’s designated successor as CEO, and Ajit Jain also joined them.

It followed Berkshire revealing it had scooped up more than $51 billion of stocks in the first quarter, including a much larger stake in Chevron Corp, and has for now stopped repurchasing its own stock.

The company also said operating profit was little changed in the first quarter, as many businesses were able to boost revenue despite supply chain disruptions caused by the Omicron variant of COVID-19 and Russia’s invasion of Ukraine.

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