Berkshire Hathaway (BRK-A, BRK-B) Vice Chairman Charlie Munger staunchly opposed investments into bitcoin and other cryptocurrencies, once describing crypto assets as "a gambling contract with a nearly 100% edge for the house." Yahoo Finance Senior Business Reporter Ines Ferré breaks down the late Berkshire Hathaway executive's takes on crypto and his history of investing in Chinese companies, such as EV maker BYD Auto (BYDDY). For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Berkshire Hathaway (BRK-A, BRK-B) Vice Chairman Charlie Munger staunchly opposed investments into bitcoin and other cryptocurrencies, once describing crypto assets as "a gambling contract with a nearly 100% edge for the house."
Yahoo Finance Senior Business Reporter Ines Ferré breaks down the late Berkshire Hathaway executive's takes on crypto and his history of investing in Chinese companies, such as EV maker BYD Auto (BYDDY).
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Apple Inc. recently sent a term sheet to Goldman Sachs Group Inc. that would be a first step toward severing the companies' partnership on a credit card and savings account. Ed Ludlow has the details on Bloomberg Television.
Charlie Munger was a crucial partner for Berkshire Hathaway CEO Warren Buffett. Buffett, 93, has guided Berkshire since he took control of the company in 1965, and a sharp Buffett remains an engaged CEO today. In an interview with Charlie Rose last year, Buffett said he is “always on the clock” for Berkshire.
Warren Buffett's Berkshire Hathaway has accused billionaire Jimmy Haslam of promising secret payments to staff that would inflate the price Berkshire would have to pay for the Haslam family's 20% stake in truck stop operator Pilot Travel Centers. Berkshire made the accusation in partially redacted filings made public on Tuesday in a countersuit against the Haslam family in Delaware Chancery Court, where the Haslams have been suing Buffett's company over Pilot.
