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<div class="cryptonews">
 <p class="is-style-lead">The vice chairman of multinational holding company Berkshire Hathaway once described cryptocurrency and artificial intelligence as “overhyped” and “stupid”.</p>
 <p>Charlie Munger, the billionaire vice chairman of Berkshire Hathaway, has died. He was 99.</p>
 <p>Munger, an integral force at Berkshire since 1959, played a pivotal role in shaping the company into a global conglomerate with a market capitalization of $784 billion.</p>
 <p>Munger served as vice chairman alongside Warren Buffett, contributing significantly to its success.</p>
 <p>Munger was a multifaceted figure, co-founding Munger, Tolles &amp; Olson in California and later chairing Wesco Financial Corporation, a Berkshire Hathaway subsidiary.</p>
 <p>Renowned for his insightful investment philosophies, Munger — as well as Buffett — were fierce skeptics of cryptocurrencies.</p>
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 <p>While the pair often advocated for ethical business standards and steered away from troubled businesses at a discount, they often emphasized the importance of investing in businesses at fair prices, and denounced speculative investments like Bitcoin.</p>
 <p>Born on Jan. 1, 1924, in Omaha, Nebraska, Munger’s journey included a stint in the U.S. Army Air Corps, studies at Caltech, and a law degree from Harvard Law School.</p>
 <p>His philanthropic focus on education extended to contributions to the University of Michigan Law School, Stanford University and the University of California, Santa Barbara.</p>
 <p>His critical&nbsp;stance&nbsp;on cryptocurrencies, as well as artificial intelligence, earned attention, with Munger referring to both as “overhyped” and “stupid.”</p>
 <p>At the time of his passing, Munger had a net worth of $2.7 billion, according to Forbes.</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/berkshire-hathaway-vice-chair-charlie-munger-passes-away-at-age-99-tbt71977.html">https://thebittimes.com/berkshire-hathaway-vice-chair-charlie-munger-passes-away-at-age-99-tbt71977.html</a></p>

Berkshire Hathaway vice chair Charlie Munger passes away at age 99

TheBitTimes

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