: Buffett righthand man Munger says it’s ‘really stupid to have a culture which encourages [so] much gambling in stocks’

Both Munger and Buffett are jokes and need to gtfo already. They talk down on retail for investing in meme stocks and crypto by always emphasizing “value”. They call us gamblers and unsophisticated.

However think about this...the fundamentals about stocks is you buy share in the company to make profit through dividends. Berkshire HAS NEVER PAID A DIVIDEND yet is over $300k. So why would anyone invest in Berkshire? It’s all speculation and to make money from stock appreciation. If Berkshire will never pay a dividend, what’s the difference between putting my money in Crypto, gold, meme stock versus Berkshire? Absolutely nothing because it’s all speculation. Yeah sure the companies under Berkshire pay dividends but shareholders never receive it.

Think about it. It’s probably one of the biggest deceptions in the investing world.

/r/CitadelLLC Thread Link - marketwatch.com