Famous billionaire Charlie Munger, vice president of Berkshire Hathaway, made harsh comments about cryptocurrencies yesterday. Tesla CEO Elon Musk responded to Munger on Twitter.
Munger, in his post, compared cryptocurrencies to venereal disease and expressed his pride in not investing. He also said that cryptocurrencies should be banned.
Munger’s controversial comments about cryptocurrencies were not delayed by Elon Musk’s response. Musk replied to Munger as follows;
“I was at a luncheon with Munger in 2009 and he told the whole table how Tesla was going to fail. It made me extremely sad, but I told him that I agree with all these reasons, but that we’re going to die eventually and it’s worth a try.”
“Elon Musk’s Best Reply Ever”
Musk’s story of perseverance and determination has garnered a lot of comments from members of the investment community, including MicroStrategy CEO Michael Saylor and Dogecoin co-founder Billy Markus. Some users shared hilarious stories revolving around Musk’s unpleasant interaction with Munger, while others said Musk had the best response ever.
The famous billionaire Munger had this to say about Musk last December. had said;
“He thinks he is more talented than he is, and it has benefited him. Never underestimate the man who overestimates his abilities. Some of the greatest successes come from those who try very extreme things because they are overconfident.”
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