Why Charlie Munger Don't Invest in Gold? | University of Michigan 2010【C:C.M Ep.195】

[Transcript]

BECKY QUICK: He was asking about you mentioned the high tide, the low tide. Where are we right now? Would it be a better idea to jump into equities at this point or something like gold? Which by the way, hit a record high.

CHARLIE MUNGER: Oh, I don't have the slightest interest in gold.

I like working, understanding what works and what doesn't in human systems. To me that is my – That's not optional. That's a moral obligation. If you're capable of understanding the world, you have a moral obligation to become rational.

I don't see how you become rational hoarding gold. Even if it works, you're a jerk. (Laughter)

So I advise you to get concerned with equities.

(Source: https://youtu.be/Pph3Bg8Pihg)

[YAPSS Takeaway]

"If you're capable of understanding the world, you have a moral obligation to become rational." ~Charlie Munger